Milbank LLP advised the initial purchasers in connection with the upsized private offering (the “offering”) of $1.35 billion aggregate principal amount of 7.125% senior secured second lien notes due 2034 (the “notes”) by EquipmentShare.com Inc. (“EquipmentShare”) (NASDAQ: EQPT). EquipmentShare intends to use the proceeds from the offering to repay borrowings under its asset-based lending (ABL) revolving credit facility and for general corporate purposes.
EquipmentShare is a nationwide construction technology and equipment solutions provider dedicated to transforming the construction industry through innovative tools, platforms and data-driven insights.
The Milbank deal team was led by Corporate Finance and Securities partner Jonathon Jackson, with support from associates Michael Pascual, Abir Varma, Allison Mahoney and Kelsey Rodriguez. The deal team also included Global Leveraged Finance partner Meir Hornung and associate Riley Ruppel, along with Tax partner Andrew Walker and associate Erika Jensen and Executive Compensation and Employee Benefits partner Joel Krasnow.
