Sunbelt Rentals Holdings announced its intention to launch a private offering of two series of benchmark-sized senior notes. The offering is subject to market and other conditions and is directed toward eligible purchasers. The company plans to use the net proceeds for general corporate purposes, including funding capital expenditures, working capital, and the potential repayment, refinancing, or redemption of existing indebtedness. The notes are being offered exclusively to qualified institutional buyers under Rule 144A and to non-US persons under Regulation S, and have not been registered under the Securities Act of 1933.
Sunbelt Rentals Holdings, Inc.Company launching a private offering of senior notes for general corporate purposes; impact depends on market reception and use of proceeds.