General Finance greenshoe fully exercised, ups notes to $69 million

By Cady Vishniac

Detroit, Nov. 16 – The initial purchasers for General Finance Corp.’s 7.875% $25-par senior notes due 2025 fully exercised their option to purchase an additional $9 million of the notes, bringing the total size of the issue to $69 million, according to a press release.

As previously reported, the company closed on the initial $60 million of the notes on Oct. 27.

D.A. Davidson & Co., B. Riley Securities, Inc. and Janney Montgomery Scott LLC were the joint bookrunning managers.

William Blair & Co., National Securities Corp. and Wedbush Securities, Inc. were co-lead managers.

Proceeds will be used to redeem a portion of the $77.4 million principal amount of the company’s 8.125% senior notes due July 2021.

Pasadena, Calif.-based General Finance is a specialty rental services company offering portable storage, modular space and liquid containment solutions.

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