EquipmentShare.com Inc. has launched a private offering of $1.05 billion in senior secured second-priority lien notes due 2034. The company plans to use the net proceeds to repay existing borrowings under its asset-based revolving credit facility, cover transaction fees, and support general corporate purposes. The notes will be secured on a second-priority basis by substantially all of the company's assets that already secure its first-priority obligations. The offering is subject to market conditions and other factors, with no certainty regarding timing or final terms. The notes are being offered only to qualified institutional buyers in the US and to non-US persons outside the country, as they have not been registered under the Securities Act of 1933.
EquipmentShare.com Inc Class A Common StockCompany announces $1.05B notes offering to refinance debt and for general purposes; impact depends on market reception and terms.