Ahern Rentals to price $550 million five-year second-lien notes during Sept. 27 week

By Paul A. Harris

Portland, Ore., Sept. 24 – Ahern Rentals, Inc. plans to sell $550 million of five-year senior secured second-lien notes (Caa1/CCC+) during the week ahead, according a market source.

Oppenheimer & Co. will have the books.

The notes come with two years of call protection.

The Las Vegas-based equipment rental company plans to use the proceeds to refinance $550 million of its 7 3/8% second priority senior secured notes due 2023 that are outstanding.

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