Alta Equipment Group Announces Proposed Private Offering of $500M of Senior Secured Second Lien Notes
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Alta Equipment Group Inc. (NYSE: ALTG) announced a proposed private offering of $500 million in senior secured second lien notes due 2029. The company plans to use the proceeds to refinance existing debt and for general corporate purposes. The offering is expected to be leverage neutral.
May 20, 2024 | 11:36 am
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Alta Equipment Group Inc. (NYSE: ALTG) is proposing a $500 million private offering of senior secured second lien notes due 2029. The proceeds will be used to refinance existing debt and for general corporate purposes. The offering is expected to be leverage neutral.
The proposed offering and refinancing are expected to be leverage neutral, meaning it should not significantly impact the company's leverage ratio. This could be seen as a neutral event in the short term as it does not change the company's financial risk profile.
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