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EquipmentShare to pay down revolver borrowings with notes proceeds
By Sara Rosenberg
New York, April 11 – EquipmentShare.com Inc. plans on repaying a portion of the amounts drawn under its ABL revolving credit facility using proceeds from a $600 million senior secured second-lien notes offering, according to a market source.
Remaining proceeds from the notes will be used to add cash to the balance sheet and to pay transaction related fees and expenses.
The notes offering was upsized from $500 million.
EquipmentShare is a Columbia, Mo.-based equipment rental and equipment asset management company.
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