EquipmentShare Closes $2.75 Billion Senior Secured Asset-Based Revolving Credit Facility With Wells Fargo
Wells Fargo & Company (WFC)
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Source: Business Wire
Strategic financing further solidifies Company’s financial foundation, reduces costs, and provides flexibility to drive organic growth plans COLUMBIA, Mo.--(BUSINESS WIRE)--EquipmentShare, a leader in connected jobsite technology and one of the largest equipment rental providers in the United States, announced today that it closed an $2.75 billion asset-based senior secured credit facility (the “Facility”). Wells Fargo serves as administrative agent and lead lender for the Facility.“EquipmentShare’s growth is powered by a disciplined capital structure and our market-leading, award-winning T3® technology platform,” said Jabbok Schlacks, co-founder and CEO of EquipmentShare. “This facility strengthens our financial foundation and provides the stability and flexibility we need to execute our long-term strategy, invest in our technology, and continue delivering industry-leading value to our customers.”The facility extends maturity to 2030 and provides EquipmentShare with best-in-class
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