Ahern Rentals Inc. provides industrial equipment rental services in the United States. It rents equipment ranging from high reach equipment, such as forklifts, boom lifts, scissor lifts, agricultural equipment, heavy equipment, construction equipment and tools, and lawn and garden equipment to earth engaging units and hand tools. The company also sells used rental equipment, new equipment, original equipment manufacturers’ parts, supplies, and related merchandise; and provides maintenance, repair, and other services for lift equipment, forklifts, scissor-lifts, booms, and general rental equipment. It serves various customers, including commercial and residential construction companies/contra...
4241 South Arville Street
Las Vegas, NV 89103
Founded in 1953
Ahern Rentals, Inc. Announces Pricing of Upsized Private Offering of $550,000,000 7.375% Senior Secured Notes
May 1 15
Ahern Rentals Inc. announced that it has priced its offering of $550,000,000 aggregate principal amount of 7.375% Senior Secured Notes due 2023. The Notes will mature on May 15, 2023 unless earlier repurchased or redeemed in accordance with their terms. The company increased the size of the offering to $550,000,000 from $500,000,000. The net proceeds from the New Notes offering will be used to redeem its outstanding 9.5% Second Priority Senior Secured Notes due 2018, pay down a portion of the amount outstanding under its ABL Credit Facility, repay a shareholder contribution, and pay the related fees and expenses. A notice of redemption for the Existing Notes was previously issued on April 24, 2015. The Notes are being offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933. The Notes have not been registered under the Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.