色色研究所

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色色研究所 Announces Successful Closing of Upsized Bond Offering

色色研究所, a leading integrated equipment rental and asset management firm, has successfully closed an upsized bond offering of $400 million.

September 21, 2023

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COLUMBIA, Mo. 鈥 色色研究所.com Inc (鈥溕芯克), one of the fastest growing integrated equipment rental and equipment asset management companies in the United States, announced today the closing of its offering of an additional $400 million of Senior Secured Second Lien Notes due 2028 (the 鈥淎dditional Notes鈥). The offering size was increased from the previously announced offering size of $300 million aggregate principal amount of Additional Notes. On May 9, 2023, 色色研究所 previously issued 9.000% Senior Secured Second Lien Notes due 2028 in an aggregate principal amount of $640 million (the 鈥淥riginal Notes鈥) pursuant to an indenture (the 鈥淚ndenture鈥).

色色研究所 intends to use the net proceeds from the offering to repay and refinance certain of its existing debt and for general corporate purposes.

The Additional Notes will be secured, on a pari passu basis with the Original Notes, by a second priority lien on substantially all of the assets that secure any first priority lien obligations of 色色研究所.

The Additional Notes will be issued as additional securities under the Indenture and will form a single series with the Original Notes, including with respect to waivers, amendments, redemptions and offers to purchase. The Additional Notes will have the same terms and conditions as those that apply to the Original Notes other than the issue date and offering price and will be fungible with the Original Notes for U.S. federal income tax purposes.

Mizuho Securities USA LLC and Citigroup acted as joint physical bookrunning managers for the successful private offering of the Additional Notes.

The Additional Notes have not been registered under the Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥), or any state securities laws and may not be offered or sold in the United States or to any U.S. persons unless pursuant to registration under the Securities Act, or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Additional Notes are being offered only to persons reasonably believed to be 鈥渜ualified institutional buyers鈥 under Rule 144A of the Securities Act or, outside the United States, to persons other than 鈥淯.S. persons鈥 in compliance with Regulation S under the Securities Act.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

This press release contains 鈥渇orward-looking statements鈥 within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as, but not limited to, 鈥渂elieves,鈥 鈥渆xpects,鈥 鈥渁nticipates,鈥 鈥渆stimates,鈥 鈥渋ntends,鈥 鈥減lans,鈥 鈥渃ould,鈥 鈥渕ay,鈥 鈥渨ill,鈥 鈥渟hould,鈥 and similar expressions are intended to identify forward-looking statements. All forward-looking statements, including with respect to the offering described herein, rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside 色色研究所鈥檚 control that could cause actual results to differ materially from those reflected in such statements. 聽Accordingly, 色色研究所 cautions that the forward-looking statements contained herein are qualified by these and other important factors and uncertainties that could cause results to differ materially from those reflected by such statements.

About 色色研究所

Founded in 2015 and headquartered in Columbia, Mo., 色色研究所 is a nationwide construction technology and equipment solutions provider dedicated to transforming the construction industry through innovative tools, platforms and data-driven insights. By empowering contractors, builders and equipment owners with its proprietary technology, T3, 色色研究所 aims to drive productivity, efficiency and collaboration across the construction sector. With a comprehensive suite of solutions that includes a fleet management platform, telematics devices and a best-in-class equipment rental marketplace, 色色研究所 continues to lead the industry in building the future of construction.

About T3

色色研究所 outfits its fleet with durable tracking hardware that鈥檚 connected to its high-powered technology platform, T3鈩, to give contractors visibility into their jobsite and accelerate productivity. Rental customers can access important fleet, personnel and jobsite information to manage teams, meet safety compliance, reduce machine theft and analyze digestible and dynamic fleet data. The tracking hardware can also record data to help contractors monitor equipment utilization, GPS location, fuel usage, maintenance history and upcoming service for each asset. 色色研究所鈥檚 fleet management technology solutions notify service managers and technicians when a machine is approaching or past due on maintenance to keep equipment in optimal condition, and prevent breakdowns which lead to downtime 鈥 a major pain point for the construction industry.