Neff Rental Announces 2nd Lien Term Loan Financing

Business Wire

MIAMI--(BUSINESS WIRE)--

Neff Rental LLC (the "Company") announced the launch of syndication of a new $525 million 2nd lien term loan facility (the “Term Loan”). Proceeds from the Term Loan will be used to redeem the existing 9.625% Senior Secured Notes, to fund a distribution to shareholders and to pay fees and expenses associated with the transaction.

Concurrent with the Term Loan financing, the Company is also seeking an amendment to its $375 million ABL revolving credit facility to allow for the Term Loan financing and to potentially upsize the facility.

About Neff Rental LLC

Neff Rental LLC is a leading U.S. equipment rental company, with a network of 64 branches located primarily in the sunbelt states.

Contact:
Neff Rental LLC
Mark Irion, 305-513-3350
Chief Financial Officer
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