EquipmentShare entered into an indenture to issue $1.35 billion of senior secured second-lien notes due July 1, 2034, bearing interest at 7.125% and issued at par. Citibank serves as trustee and notes collateral agent. Interest is payable semiannually on January 1 and July 1, starting January 1, 2027, with customary redemption options, including a make-whole before July 1, 2029, a 10% annual call at 103% before 2029, and a 40% equity claw at 107.125%. The notes are secured on a second-lien basis, pari passu with existing second-lien notes and junior to the company's ABL facility.
Agreement details:
- Agreement type: Indenture for $1.35 billion 7.125% senior secured second lien notes due 2034
- Counterparty: Citibank, as trustee and notes collateral agent
- Signed / Effective: Jul 01 2026 / same
- Duration / Termination: Through Jul 01 2034
- Reason: Enhance liquidity and capital structure
Original SEC Filing:
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