Alta plans $350 million amended and restated credit agreement

By Sara Rosenberg

New York, March 23 – Alta Equipment Group Inc. plans on getting a $350 million amended and restated credit agreement, according to a news release.

In addition, the company is planning a $40 million amended and restated floor plan financing agreement and the issuance of $300 million of senior secured second-lien notes.

Proceeds will be used to refinance some existing debt, including senior credit obligations, to pay related fees and expenses and, to the extent there are remaining proceeds, for general corporate purposes.

Alta is a Livonia, Mich.-based provider of industrial and construction equipment and related services.

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