Reported Earlier, Alta Equipment Prices $500M Private Offering Of 9.000% Senior Secured Second Lien Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Alta Equipment has priced a $500M private offering of 9.000% Senior Secured Second Lien Notes due 2029. Concurrently, the company plans to amend and extend its existing credit facilities, replacing them with new facilities due 2029.
May 22, 2024 | 7:47 am
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Alta Equipment has announced a $500M private offering of 9.000% Senior Secured Second Lien Notes due 2029. The company also plans to amend and extend its existing credit facilities, replacing them with new facilities due 2029.
The successful pricing of the $500M offering and the extension of credit facilities indicate strong financial management and liquidity, which is likely to positively impact investor sentiment and the stock price in the short term.
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