EquipmentShare, a leader in connected jobsite technology and one of the largest equipment rental providers in the United States, closed an $2.75 billion asset-based senior secured credit facility (the “Facility”). Wells Fargo serves as administrative agent and lead lender for the Facility.

The facility extends maturity to 2030 and provides EquipmentShare with best-in-class pricing. Wells Fargo Bank, Citibank, Truist Bank, Citizens Bank, Fifth Third Bank and SMBC served as Joint Lead Arrangers and Joint Book Runners for the facility. Wells Fargo Bank, Citibank, Truist Bank and Citizens Bank served as co-syndication agents. Fifth Third, SMBC, Goldman Sachs, U.S. Bank, Regions Bank, TD Bank, and UBS AG, Stamford Branch served as co-documentation agents. The facility replaces the company's previous asset-based senior secured credit facility.

“EquipmentShare’s growth is powered by a disciplined capital structure and our market-leading, award-winning T3® technology platform,” said Jabbok Schlacks, co-founder and CEO of EquipmentShare. “This facility strengthens our financial foundation and provides the stability and flexibility we need to execute our long-term strategy, invest in our technology, and continue delivering industry-leading value to our customers.”

Kurt Marsden, head of Wells Fargo Capital Finance, shared, "Wells Fargo is pleased to support EquipmentShare and their continued growth with this new asset-based loan facility. We are proud to expand our strong relationship to help the company achieve their strategic goals."