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Published on 4/21/2005 in the Prospect News High Yield Daily.

NationsRent receives consents to amend 9½% notes

New York, April 21 - NationsRent Cos., Inc. said it has received the necessary consents to amend the indenture for its $250 million 9½% senior secured notes due 2010.

The announcement follows an increase in the consent payment on April 19 to $2.50 per $1,000 principal amount from $1.25 previously.

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

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

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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