debt
confidence high
sentiment neutral
materiality 0.60
EquipmentShare closes $1.35B offering of 7.125% senior secured second lien notes due 2034
EquipmentShare.com Inc
- $1,350M aggregate principal of 7.125% senior secured second lien notes due 2034 issued at par.
- Notes mature July 1, 2034; interest payable Jan 1 and July 1 starting Jan 1, 2027.
- Notes are second lien, secured by substantially all assets, pari passu with existing 9.000% 2028, 8.625% 2032, 8.000% 2033 notes.
- Indenture includes customary high yield covenants; change of control triggers repurchase at 101%.
- No subsidiary guarantees as of issue date; future domestic subsidiaries may guarantee if they guarantee first-priority obligations.