Ahern Rentals Inc. announced yesterday on its quarterly earnings call that it intends to refinance its outstanding $550 million principal amount of 7.375% second priority senior secured notes due 2023 through an offering of new bonds, and that Oppenheimer & Co. has been retained as a bookrunner.
The company expects to launch the transaction in September. A copy of the company's most recent earnings report can be found via the Datasite that can be accessed by filling out an investor form located at www.ahern.com/investor-information.
Ahern Rentals, based in Las Vegas, is No. 7 on the RER 100, with a reported $681.8 million in 2020 rental revenue and $844.8 million in total revenue, with 106 locations.
