Simpson Thacher represented the initial purchasers, led by BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, in an offering by Sunbelt Rentals Holdings, Inc. (“Sunbelt”) of $450.0 million aggregate principal amount of 4.950% Senior Notes due 2030 and $750.0 million aggregate principal amount of 5.650% Senior Notes due 2030, which was Sunbelt’s debut investment grade notes offering. The notes were offered to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act of 1933, as amended.
Sunbelt is one of the largest international equipment rental companies. Sunbelt’s rental equipment fleet comprises an extensive range of construction, industrial and general equipment designed to meet broad, general-purpose job site needs, such as mobile elevating work platforms, skid steers, forklifts, excavators, lighting equipment and small general tools.
The Simpson Thacher team included John C. Ericson, Hui Lin, Louise Choi, Heidi Ahmed and Sophia Serata (Capital Markets); Jonathan Cantor and Jason Yoo (Tax); J. Pasco Struhs (ECEB); George M. Gerstein (ERISA); Alysha Sekhon, Margerite Blase and Chandler Gerard-Reimer (IP). Summer Associate Alisha Arshad also provided valuable assistance.