EquipmentShare closes $1.35B second lien notes at 7.125%, due 2034

Filed July 2, 2026 · Period ending July 1, 2026 · ~1 min read

Key Changes

• high

  Issued $1.35B senior secured second lien notes at par with 7.125% coupon, maturing July 2034. Notes rank pari passu with existing second lien stack (9.000% 2028, 8.625% 2032, 8.000% 2033) but junior to ABL facility.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Notes secured by second-priority liens on substantially all company assets. Not currently guaranteed by subsidiaries but will be guaranteed by future domestic subsidiaries that guarantee first-lien debt.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Call protection through July 2029 with make-whole premiums; company may redeem up to 10% annually at 103% or up to 40% at 107.125% using equity proceeds. Change of control triggers 101% put right.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →