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News Stories (17 Results) - Rental

Utica Equipment Finance completed a $3,250,000 capital lease for a Texas-based company specializing in oil and gas equipment rentals in the last week of February. The transaction is secured by light towers, generators, man lifts, and forklifts. This... Read Story
March 12, 2024, 07:35 AM

EquipmentShare, one of the fastest-growing integrated equipment rental and equipment asset management companies in the United States, announced that it will increase its borrowing capacity from $2.1 billion to $3 billion through a senior secured... Read Story
May 11, 2023, 07:35 AM

United Rentals, Inc. announced the company has entered into a definitive agreement to acquire the assets of family-owned Ahern Rentals, Inc. for approximately $2.0 billion in cash. The board of directors of United Rentals unanimously approved the... Read Story
November 14, 2022, 07:50 AM

Capital One served as administrative agent for an amended and restated credit facility for EquipmentShare, a nationwide construction solutions provider. EquipmentShare will use the facility, which increased its borrowing capacity from $1.2 billion to... Read Story
October 14, 2022, 07:47 AM

McGrath RentCorp completed a $650 million credit facility with a syndicate of banks. The five year facility matures on July 15, 2027 and replaces the Company’s existing $420 million line of credit. BofA Securities served as Joint Lead Arranger and... Read Story
July 20, 2022, 07:46 AM

Second Avenue Group, a full-service, institutional quality single-family rental platform ("SFR"), announced that Monroe Capital committed approximately $250 million to its investment platform through a mix of debt and equity capital.The commitment... Read Story
April 29, 2022, 07:52 AM

CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli Inc.D.P. Nicoli is a leading provider of trench shoring rental equipment to... Read Story
February 03, 2022, 07:38 AM

Capital One served as administrative agent for a $1.2 billion senior secured asset-based revolving line of credit for EquipmentShare, a full-service equipment rental supplier for the construction industry. The revolver has a $800 million accordion... Read Story
September 02, 2021, 08:00 AM

Creditors to be paid in full and existing shareholders to receive more than $1 billion of value.Hertz Global Holdings announced that the Bankruptcy Court confirmed the Company's Plan of Reorganization (the "Plan"). The Plan unimpairs all classes of... Read Story
June 11, 2021, 08:00 AM

Hertz Global Holdings announced that, following the completion of the auction previously approved by the Court in its Chapter 11 case, Hertz has selected and approved a revised proposal from certain funds and accounts managed by affiliates of each of... Read Story
May 13, 2021, 08:00 AM

Hertz Global Holdings confirmed that it has received a revised proposal from affiliates of Knighthead Capital Management LLC, Certares Opportunities LLC, and Apollo Capital Management, LP to provide equity capital required to fund Hertz's exit from... Read Story
May 05, 2021, 07:09 AM

For decades, both Ritchie Bros. and Rouse Services have been serving the equipment and truck industries with their respective appraisal businesses. With Ritchie Bros.' acquisition of Rouse last year, the company has now combined these two appraisal... Read Story
April 14, 2021, 07:09 AM

Hertz Global Holdings announced it has made all of the required court filings in its Chapter 11 case needed to continue the process it initiated at the beginning of March 2021 to exit Chapter 11 in June 2021. The filings also report on the status of... Read Story
March 31, 2021, 08:00 AM

Hertz Global Holdings announced that it has reached a key milestone in the Company's Chapter 11 process by filing its proposed Plan of Reorganization ("Plan") and related Disclosure Statement with the U.S. Bankruptcy Court for the District of... Read Story
March 03, 2021, 08:04 AM

Tiger Rental Group, LLC has refinanced its $160 million credit facilities, consisting of a $100 million senior first lien term loan with Orion Energy Partners, L.P. ("Orion Energy") and a $60 million working capital revolving credit facility with... Read Story
August 13, 2018, 08:05 AM

Rent-A-Center, Inc., the nation’s largest rent-to-own operator, announced the completion of the previously announced refinancing of its senior credit facility. As previously announced, the company formerly anticipated entering into a new $850 million... Read Story
March 20, 2014, 07:49 AM

GE Capital, Corporate Finance announced it is administrative agent on a $75 million asset-based credit facility for Acme Lift Company,a wholesale rental company for aerial work platform equipment. The loan will be used to refinance existing debt and... Read Story
September 06, 2012, 08:00 AM