secwatch.observer — SEC 8-K summary
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Issuer:     ALTA EQUIPMENT GROUP INC. (ALTG)
CIK:        0001759824
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0000950170-24-063596
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759824/000095017024063596/0000950170-24-063596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759824/000095017024063596/altg-20240520.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-063596

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