NationsRent increases payment in consent solicitation for 9½% notes

New York, April 19 - NationsRent Cos., Inc. said it has increased the payment on offer in its consent solicitation for its $250 million 9½% senior secured notes due 2010.

Holders who consent will now receive a payment of $2.50 per $1,000 principal amount, up from $1.25 previously.

As announced on April 14, the Fort Lauderdale, Fla., equipment rental company wants to amend the note indenture to allow it to buy back all its 6.5% convertible subordinated notes due 2008.

The solicitation expires at 5 p.m. ET on April 20.

Jefferies & Co., Inc. is solicitation agent (Travis Black at 973 912-2762), and Wilmington Trust Co. is tabulation agent (302 636-6470).

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