Loan & DebtJun 16, 2026, 05:58 PM
EquipmentShare Prices $1.35B Senior Secured Notes Due 2034
AI Summary
EquipmentShare.com Inc. announced the pricing of its previously announced offering of $1,350 million in 7.125% senior secured second lien notes due 2034. This represents an increase of $300 million from the initial proposed offering size. The company intends to use the net proceeds to repay borrowings under its asset-based revolving credit facility, cover associated fees, and for general corporate purposes. The notes will be secured on a second priority basis by substantially all of EquipmentShare's assets.
Key Highlights
- EquipmentShare priced $1,350 million in 7.125% senior secured second lien notes due 2034.
- The offering size increased by $300 million from the previously announced proposal.
- Notes were sold to investors at a price of 100% of the principal amount.
- Proceeds will be used to repay borrowings under its asset-based revolving credit facility.
- The notes are secured on a second priority basis by substantially all company assets.
Price Impact
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