Neff Rental to start roadshow Monday for $200 million five-year notes

By Paul A. Harris

Portland, Ore., April 29 - Neff Rental LLC will conduct an investor roadshow for its $200 million offering of five-year second-lien senior secured notes during the May 2 week, according to an informed source.

An investor call is set for 10:30 a.m. ET on Monday.

The deal is expected to price late in the week.

Morgan Stanley & Co. Inc. and Jefferies & Co. are the joint bookrunners for the Rule 144A for life offering.

The notes come with two years of call protection.

Credit ratings remain to be determined.

The Miami-based privately owned construction equipment rental company plans to use the proceeds to pay down a portion of its ABL facility and to make a distribution to members of Neff Holdings LLC.

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