Loan & DebtJul 15, 2026, 06:11 AM
Sunbelt Rentals Issues $1.2B Senior Notes Due 2030 & 2036
AI Summary
Sunbelt Rentals Holdings, Inc. completed the issuance and sale of $1.2 billion in senior notes on July 14, 2026. This includes $450 million of 4.950% Senior Notes due 2030 and $750 million of 5.650% Senior Notes due 2036. The notes rank equally with existing senior debt and are guaranteed by the company's domestic subsidiaries, with interest payable semi-annually.
Key Highlights
- Issued $450,000,000 aggregate principal amount of 4.950% Senior Notes due 2030.
- Issued $750,000,000 aggregate principal amount of 5.650% Senior Notes due 2036.
- Total debt issuance of $1,200,000,000 in senior notes.
- The 2030 Notes mature on August 12, 2030, with interest payable semi-annually.
- The 2036 Notes mature on August 12, 2036, with interest payable semi-annually.
- Company has options to redeem some or all notes prior to maturity.
- Notes are guaranteed by the company's current and future domestic subsidiaries.
Price Impact
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