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Neff to sell $250 million eight-year notes
By Paul A. Harris and Sara Rosenberg
St. Louis, May 3 - Neff Corp. is expected to launch a $250 million offering of eight-year senior unsecured notes (Caa2/B-) soon, according to market sources.
The Miami-based construction equipment rental company held a bank meeting on Thursday for a $600 million credit facility that is being managed by Bank of America, CIBC, General Electric Capital Corp. and UBS.
Proceeds will be used to help fund the acquisition of the company by Lightyear Capital LLC from Odyssey Investment Partners.
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