debt
confidence high
sentiment neutral
materiality 0.60
EquipmentShare prices $1.35B 7.125% senior secured notes due 2034, upsized by $300M
EquipmentShare.com Inc
- Aggregate principal of $1,350M at 7.125% interest, due 2034, priced at 100% of par.
- Upsized by $300M from the previously announced proposed offering size.
- Notes secured on a second priority basis over substantially all assets of EquipmentShare.
- Net proceeds to repay asset-based revolving credit facility borrowings, fees, and general corporate purposes.