EquipmentShare issues bond offering

US-based rental and technology company EquipmentShare hopes to raise US$750 million (€684 million) through a company bond issue.

A JLG aerial platform in EquipmentShare’s rental fleet. (Photo: EquipmentShare)

The company said the proceeds of the private offering will be used to repay and refinance some of its existing debt and for general corporate purposes.

It is the first time the company has entered the bond market.

The announcement comes just weeks after the company announced it had completed a $290 million (€264 million) funding round in a bid to grow its coverage and continue to invest in its digital solutions.

It also held a funding round in 2021 to support the launch of its T3 management system.