Alta Equipment announces $500M 9% senior secured notes due 2029, refinancing and redemption of 5.625% notes

ALTA EQUIPMENT GROUP INC.

Offering $500M aggregate principal of 9.000% Senior Secured Second Lien Notes due 2029 at 97.094% of face.
Proceeds to redeem all $315M outstanding 5.625% notes due 2026, refinance existing ABL and floor plan facilities.
New $520M ABL facility and $90M floor plan facility, both due 2029, secured by first-priority lien.
Redemption of 5.625% notes conditioned on completion of offering; expected closing June 5, 2024.
Concurrent amendment/extend of existing $485M ABL and $70M floor plan to new $520M and $90M facilities.

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