Ahern Rentals calls off plans to refinance $550 million 7 3/8% notes

By Wendy Van Sickle

Columbus, Ohio, Sept. 29 – Ahern Rentals, Inc. scrapped its plans to refinance its $550 million of outstanding 7 3/8% second priority senior secured notes due 2023 due to market conditions, according a news release.

The company announced plans on Sept. 24 to sell $550 million of five-year senior secured second-lien notes (Caa1/CCC+) to refinance the notes.

Oppenheimer & Co. was to have the books.

The equipment rental company is based in Las Vegas.

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