EQUIPMENTSHARE launches $1.05B private senior secured notes offering

EquipmentShare.com Inc (NASDAQ: EQPT) announced the launch of a private offering of $1,050 million in aggregate principal amount of senior secured second lien notes due 2034.

The company stated it intends to use the net proceeds to repay borrowings under its asset-based revolving credit facility, pay related fees and expenses, and for general corporate purposes.

The notes will be secured on a second priority basis by liens on substantially all of the assets that secure any first priority lien obligations of EquipmentShare.

The notes have not been registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers in the United States under Rule 144A, and to non-U.S. persons outside the United States under Regulation S.

The company noted the transaction is subject to market conditions and other factors, and there is no assurance as to whether or when it may be completed, or as to the actual size or terms.

You May Also Be Interested In

• Solowin Holdings unit signs Latin America deal with Attrus
• Hillman closes $1.11B credit facility refinancing
• Astrotech adds capital markets veteran Matt Kreps to its board