Loan & DebtJun 16, 2026, 05:32 PM
EquipmentShare Upsizes & Prices $1.35B Senior Secured Notes at 7.125%
AI Summary
EquipmentShare.com Inc announced it upsized and priced its previously announced private offering of senior secured second lien notes. The aggregate principal amount increased by $300 million to $1,350 million, with notes bearing interest at 7.125% per year and priced at 100% of the principal amount. The company intends to use the net proceeds to repay borrowings under its asset-based revolving credit facility, cover fees, and for general corporate purposes.
Key Highlights
- Offering upsized by $300 million from previously announced size.
- Total aggregate principal amount of senior secured second lien notes is $1,350 million.
- Notes bear interest at a rate of 7.125% per year.
- Offering price for the Notes was 100% of the principal amount.
- Proceeds will be used to repay borrowings under its asset-based revolving credit facility and for general corporate purposes.
- Notes are secured on a second priority basis by substantially all company assets.
Price Impact
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