Canadian Rental Service

News
RSC Equipment Rental prices securities

Nov. 4, 2009, Scottsdale, Az. – RSC Equipment Rental, Inc., the operating subsidiary of RSC Holdings, Inc., has announced that it has priced an offering of $200 million aggregate principal amount of 10.25% senior unsecured notes due 2019.


November 4, 2009
By Administrator

Nov. 4, 2009, Scottsdale, Az. – RSC Equipment Rental, Inc., the operating subsidiary of RSC Holdings, Inc., has announced that it has priced an offering of $200 million aggregate principal amount of 10.25% senior unsecured notes due 2019. The senior notes are being co-issued by RSC Equipment Rental, Inc.’s parent, RSC Holdings III, LLC.

Net proceeds from the sale of the senior notes, after initial purchasers’ discount and fees and expenses incurred in connection with the offering, will be approximately $192.1 million. The notes will be sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States in accordance with Regulation S under the Securities Act. The company expects the offering to close on November 17, 2009 subject to customary closing conditions.

The company plans to use the full amount of the net proceeds from the offering to prepay borrowings outstanding under its senior secured second-lien term loan facility.

The senior notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.