Loan & DebtJun 16, 2026, 08:07 AM
EquipmentShare Launches $1.05B Private Offering of Senior Secured Notes
AI Summary
EquipmentShare.com Inc announced a private offering of $1,050 million in aggregate principal amount of senior secured second lien notes due 2034. The company intends to use the net proceeds from this offering to repay borrowings under its asset-based revolving credit facility, cover associated fees and expenses, and for general corporate purposes. The notes will be secured on a second priority basis by liens on substantially all of EquipmentShare's assets.
Key Highlights
- EquipmentShare launched a private offering of $1,050 million in senior secured second lien notes.
- The notes are due in 2034.
- Net proceeds will be used to repay borrowings under its asset-based revolving credit facility.
- Funds will also cover fees and general corporate purposes.
- The notes will be secured on a second priority basis by substantially all company assets.
- The offering is subject to market conditions and other factors.
- Notes are offered to qualified institutional buyers (Rule 144A) and non-U.S. persons (Regulation S).
Price Impact
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