ALTG - Alta Equipment proposes $300M in senior secured second lien notes offering
Alta Equipment (ALTG) intends to offer $300M in principal amount of its senior secured second lien notes due 2026 in a private offering.Along with the offer closing, subsidiaries expect to refinance the company's senior credit obligations by entering into a $350M amended and restated credit agreement and a $40M amended and restated floor plan financing agreement.Offer net proceeds and new borrowings under first lien facilities will be used to repay certain of its current outstanding indebtedness and remaining for general corporate purposes.
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Alta Equipment proposes $300M in senior secured second lien notes offering