◆ NeutralEQPT
EquipmentShare Announces Upsize and Pricing of Private Offering of Notes
GlobeNewswire Inc.·
EquipmentShare (Nasdaq: EQPT) priced a $1.35 billion offering of 7.125% senior secured second lien notes due 2034, an increase from the initially proposed $1.05 billion. The company plans to use proceeds to repay borrowings under its asset-based revolving credit facility and for general corporate purposes. Fitch Ratings assigned the company a first-time BB- issuer default rating with a stable outlook.
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