EquipmentShare to pay down ABL facility with notes proceeds

By Sara Rosenberg

New York, Sept. 18 – EquipmentShare.com Inc. plans to partially repay borrowings under its existing ABL facility, including amounts under the revolver and the FILO term loan, using proceeds from a $400 million second-lien notes offering, according to a market source.

Remaining proceeds from the notes will be used to pay fees and expenses in connection with the offering and for general corporate purposes.

The notes were upsized from $300 million.

EquipmentShare.com is a Columbia, Mo.-based construction solutions provider dedicated to solving industry inefficiency through smart jobsite technology as well as its equipment rental, retail, and service centers.

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