EquipmentShare secures $2.8B credit facility led by Wells Fargo
Extends EquipmentShare's borrowing capacity through 2030
Equipment rental and technology provider EquipmentShare has closed a $2.8 billion asset-based senior secured credit facility that extends the company’s borrowing capacity through 2030.
Wells Fargo served as administrative agent and lead lender on the deal, replacing EquipmentShare’s previous ABL facility, according to a news release today. The financing will support Columbia, Miss.-based EquipmentShare’s long-term growth strategy and investment in its T3 technology platform.
“This facility strengthens our financial foundation and provides the stability and flexibility we need to execute our long-term strategy,” EquipmentShare Chief Executive Jabbok Schlacks stated in the release.
Wells Fargo, Citibank, Truist Bank, Citizens Bank, Fifth Third Bank and SMBC acted as joint lead arrangers and joint bookrunners.
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