#United States #Senior Secured Notes #Columbia #Financial Strategy #EquipmentShare

EquipmentShare.com Inc. Concludes Consent Solicitations Successfully

On July 17, 2025, EquipmentShare.com Inc, a prominent player in the technology-driven equipment rental sector in the U.S., declared the conclusion of its consent solicitations related to its 9.000% Senior Secured Second Lien Notes due 2028 and its 8.625% Senior Secured Second Lien Notes due 2032. This strategic move not only signals the company's proactive financial management but also strengthens its position in a competitive market.

What Are Consent Solicitations?

Consent solicitations are requests from a company to its bondholders for approval to amend certain terms of the bond agreements. These amendments can often simplify debt management and improve overall financial flexibility. In EquipmentShare's case, the company sought consent from holders of its related notes to amend the respective indentures first dated in May 2023 and April 2024. Specifically, the amendments were designed to enhance the administration of EquipmentShare's consolidated debt while maintaining the core economic terms of the bonds untouched.

The Amendments’ Impact

The amendments proposed by EquipmentShare aimed to modify various provisions such as covenants and definitions within the indentures. The adjustments were aligned with provisions already established in other indentures governing different senior secured notes. Overall, these improvements foster a more manageable structure for the firm’s existing debt, ensuring that it remains well-positioned to both honor its financial obligations and pursue growth strategies.

Consent Results and Execution

The consent solicitations concluded at 5 p.m. New York time on July 16, 2025. EquipmentShare was informed by Global Bondholder Services Corporation, the Information Agent for the solicitations, that a majority of holders had submitted their consents for both the 2028 and 2032 notes. Consequently, EquipmentShare moved quickly to formalize the amendments by executing supplemental indentures with Citibank N.A., thereby allowing the amendments to take effect immediately.

Financial Repercussions

As part of concluding the solicitations, EquipmentShare is set to compensate all validely consenting holders with a consent fee of $2.50 per $1,000 principal of both note classes. This financial incentive illustrates EquipmentShare's commitment to maintaining positive relationships with its bondholders while executing on an important aspect of its financial operation.

About EquipmentShare

Founded in 2015 and based in Columbia, Missouri, EquipmentShare is redefining the construction equipment rental space through innovative technological solutions. The company leverages its proprietary T3™ platform to deliver data-driven insights that boost productivity and collaboration in the construction sector. As it continues to expand its services—from fleet management to telematics—EquipmentShare is immensely focused on shaping the future of the construction industry.

With these recent consent solicitations, EquipmentShare has not only enhanced its financial architecture but also demonstrated its agility as a forward-thinking enterprise committed to long-term value creation. The successful conclusion opens avenues for strategic investments and improved operational effectiveness in an industry ripe for transformation. The company’s proactive approach positions it to tackle future challenges while unlocking new opportunities for growth.