RSC Equipment Rental, an operating subsidiary of RSC Holdings Inc., announced that it increased the aggregate principal amount of its senior notes offering released earlier from $450 million to $650 million and priced the offering of $650 million aggregate principal amount of 8 percent senior unsecured notes due 2021.
The company expected the offering to close on January 19, subject to customary closing conditions.
The issuers intend to use the gross proceeds from this offering to repay borrowings outstanding under the issuers' senior secured second-lien term loan facility.
Based in Scottsdale, Ariz., RSC Equipment Rental is No. 2 on the RER 100.
