Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when EQPT files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsEquipmentShare prices $1.35B second lien notes at 7.125%, upsizes offering by $300M
Filed June 16, 2026 · Period ending June 16, 2026 · ~1 min read
Key Changes
-
high
Priced $1.35 billion of 7.125% senior secured second lien notes due 2034 at par, representing a $300 million upsize from the initially announced offering size.
Item 8.01 — Other Events verify on EDGAR → -
medium
Proceeds will repay borrowings under the company's asset-based revolving credit facility, pay transaction fees, and fund general corporate purposes.
Exhibit 99.1 view on EDGAR → -
medium
Notes are secured by second-priority liens on substantially all company assets, ranking behind first-lien obligations but ahead of unsecured debt.
Exhibit 99.1 view on EDGAR → -
low
Offering structured as private placement to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, with restricted transferability.
Item 8.01 — Other Events verify on EDGAR →
Summary
EquipmentShare completed a $1.35 billion offering of 7.125% senior secured second lien notes due 2034, priced at par. The construction equipment rental and technology company upsized the offering by $300 million from its initial proposal, suggesting strong institutional demand.
The notes are secured by second-priority liens on substantially all company assets, placing them behind existing first-lien debt but ahead of unsecured obligations in the capital structure. The company will use proceeds to repay its asset-based revolving credit facility and for general corporate purposes.
This refinancing extends the maturity profile by moving debt from a revolving facility to fixed-rate notes maturing in 2034, providing longer-term capital structure stability. The 7.125% coupon reflects current market conditions for second-lien secured debt. The offering was structured as a private placement to institutional investors, allowing faster execution than a registered offering but with restricted secondary market transferability.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The Notes were offered in the United States (the “U.S.”) to qualified institutional investors pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the U.S. to non-U.S. persons pursuant to Regulation S under the Securities Act.
The notes were sold through a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, meaning they are not registered with the SEC and have restricted transferability. This is a standard structure for institutional debt offerings that allows faster execution than registered offerings.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
EquipmentShare intends to use the net proceeds from the Offering to repay borrowings under its asset-based revolving credit facility, pay fees and expenses in connection with the foregoing and for general corporate purposes.
The company will use proceeds from the note offering to repay its asset-based revolving credit facility, pay transaction fees and expenses, and for general corporate purposes. This refinancing moves debt from a revolving facility to longer-term fixed-rate notes maturing in 2034.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 13, 2026 · How we verify