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Reported Earlier, Alta Equipment Prices $500M Private Offering Of 9.000% Senior Secured Second Lien Notes Due 2029

Author: Benzinga Newsdesk | May 22, 2024 03:47am

Concurrent with the closing of the offering, the Company expects to amend and extend its existing $485 million senior secured asset-based revolving credit facility due 2026 (the "Existing ABL Facility") and $70 million floor plan facility due 2026 (the "Existing Floor Plan Facility") with a $520 million senior secured asset-based revolving credit facility due 2029 (the "New ABL Facility") and a $90 million floor plan facility due 2029 (together with the New ABL Facility, the "First Lien Facilities").

Posted In: ALTG