#United States #Columbia #secured notes #consent solicitation #EquipmentShare

EquipmentShare Initiates Consent Solicitations for Secured Notes

On July 10, 2025, EquipmentShare.com Inc, a prominent provider of technology-focused construction equipment rental and solutions in the U.S., announced the commencement of consent solicitations concerning its 9.000% Senior Secured Second Lien Notes set to mature in 2028 and its 8.625% Senior Secured Second Lien Notes due in 2032.

The consent solicitations are an important step for EquipmentShare as they seek to confirm approval from noteholders regarding amendments to various covenants and definitions within the indentures tied to these notes. Specifically, EquipmentShare aims to align these amendments with terms in another indenture governing its $500.0 million of 8.000% Senior Secured Second Lien Notes due 2033, which was established on September 13, 2024.

Details of the Consent Solicitations

The announcement underscores that the consent solicitation for each set of notes is independent, meaning they can be modified or terminated without affecting the other solicitation. The 2028 Notes Solicitation and the 2032 Notes Solicitation are designed to streamline the organization’s overall indebtedness management by updating certain provisions within the indentures, while also ensuring that the economic terms of the notes themselves—such as maturity dates and interest rates—remain unchanged unless explicitly consented to by the holders.

For both the 2028 and 2032 notes, the company is offering a cash incentive to those who provide their consent to the proposed amendments. Specifically, EquipmentShare plans to pay $2.50 for each $1,000 principal amount of the notes for which valid consents are delivered prior to their respective expiration times. These offerings reflect the company's commitment to engaging with its investors and ensuring the terms of its debt align with its strategic goals.

The specific structures of the consent solicitations indicate a critical procedural approach, wherein holders of each series of notes must understand that their consent is necessary for the amendments to be approved. Furthermore, holders will have the option to revoke their consents at any time before certain deadlines, allowing for flexibility in their decision-making.

Importance for EquipmentShare

By advancing this process, EquipmentShare is taking proactive measures to manage its capital structure effectively. The proposed amendments will help the company better navigate its financial obligations while maintaining operational efficiencies. The firm has an established track record in the construction technology domain, and optimizing its financial framework is a critical component of sustaining its competitive edge.

Founded in 2015 and headquartered in Columbia, Missouri, EquipmentShare is committed to revolutionizing the construction industry through innovative technology. Its proprietary systems empower builders and contractors by enhancing operational productivity and resource management.

Conclusion

In conclusion, EquipmentShare's initiation of consent solicitations marks a significant move towards refining its financial strategy and maintaining strong relations with its stakeholders. For those involved, it is recommended to review the Consent Solicitation Statement for detailed terms and conditions. As the industry continues to evolve, EquipmentShare is well-positioned to lead with adaptive financial practices that support its technological advancements in the construction sector.