NES Rentals Holdings Inc. has commenced a cash tender offer and consent solicitation with respect to all of its outstanding $150.0 million aggregate principal amount of 12¼% Second Lien Senior Secured Notes due 2015 on the terms and subject to the conditions set forth in the company’s Offer to Purchase and Consent Solicitation Statement, dated April 1, 2013.
In connection with the tender offer, NES Rentals is soliciting consents from the holders of the notes to certain proposed amendments that would eliminate or modify substantially all of the restrictive covenants, certain events of default and related provisions contained in the indenture governing the notes and release the collateral that secures the company’s obligations with respect to the notes.
The amendments will not be executed unless the company receives consents from a majority of the noteholders. The tender offer will expire midnight April 26.
