September 16, 2014 11:29 AM ET

Trading Companies and Distributors

Company Overview of NES Rentals Holdings, Inc.

Company Overview

NES Rentals Holdings, Inc. rents and distributes new and used construction equipment, complementary parts, supplies, and merchandise to original equipment manufacturers, and industrial and construction end-users. It offers aerial equipment, such as boom, industrial, personnel, rough terrain, and scissor lifts; and boom trucks and cranes. The company also provides specialty equipment, including earth moving and general equipment, scaffolding systems, and skid steers. In addition, NES Rentals Holdings, Inc. offers repair and maintenance services. The company was formerly known as National Equipment Services Inc. and changed its name to NES Rentals Holdings, Inc. in February 2004. NES Rentals H...

1796 Sherwin Avenue

Des Plaines, IL 60018

United States

Founded in 1996

2,500 Employees

Phone:

847-299-0220

Key Executives for NES Rentals Holdings, Inc.

Chairman and Chief Executive Officer
Age: 57
Chief Financial Officer
Age: 50
Interim Chief Operating Officer
Chief Restructuring Officer
Age: 67
Chief Information Officer and Vice President
Compensation as of Fiscal Year 2014.

NES Rentals Holdings, Inc. Key Developments

NES Rentals Holdings Inc. Completes First Phase of Cash Tender Offer and Consent Solicitation for Outstanding Senior Secured Notes

NES Rentals Holdings Inc. said April 17, 2013 it has completed the first phase of its cash tender offer and consent solicitation for the outstanding principal of $150 million on its 12.25% second-lien senior secured notes that mature in 2015. The company announced that it had agreed to buy back $84.8 million, or about 56.5% of the aggregate principal amount of notes, by April 16, 2013, 5 p.m. consent deadline. The company raised the amount of a proposed issuance of new notes to $300 million from $275 million on April 12, 2013. The consent deadline was extended to April 16, 2013 from its original April 12 deadline. Lenders who tendered their notes before the consent deadline will receive $1,067.50 per $1,000 in principal, which includes a consent payment of $7.50 for each $1,000, plus accrued and unpaid interest up to April 17. Lenders who missed the consent deadline but still tender their notes before the April 26 expiration deadline will get $1,060 per $1,000 plus accrued and unpaid interest up to the date of payment on the final settlement date.

NES Rentals Holdings Inc. Extends Consent Date of Consent Solicitation for Outstanding 121/4% Second Lien Senior Secured Notes Due 2015

NES Rentals Holdings Inc. announced that, in connection with its previously announced cash tender offer and consent solicitation with respect to all of its outstanding $150.0 million aggregate principal amount of 121/4% Second Lien Senior Secured Notes due 2015, pursuant to the company's offer to purchase and consent solicitation statement, dated April 1, 2013, it is extending the consent date, the last date and time for holders to tender their notes in order to receive the total consideration set forth in the offer to purchase and described below, from 5:00 p.m., New York City time, on April 12, 2013 to 5:00 p.m., New York City time, on April 16, 2013, unless further extended by the company in its sole discretion. The withdrawal date, the last date and time for holders to validly withdraw tendered notes and revoke delivered consents, expired at 5:00 p.m., New York City time, on April 12, 2013 and is not being extended. Except for the extension of the consent date, all terms and conditions of the tender offer and consent solicitation set forth in the offer to purchase remain unchanged. Holders who previously have tendered their notes do not need to re-tender their notes or take any other action in response to this extension. As of 5:00 p.m., New York City time, on April 12, 2013, tenders and consents had been delivered with respect to $84,806,000 aggregate principal amount of notes, representing approximately 56.54% of the outstanding aggregate principal amount of notes. The tender offer will expire at 11:59 p.m., New York City time, on April 26, 2013, unless extended or earlier terminated by the company. Subject to the terms and conditions set forth in the offer to purchase, holders who validly tender their notes on or prior to 5:00 p.m., New York City time, on April 16, 2013, unless extended, will receive the total consideration of $1,067.50 per $1,000 principal amount of notes accepted for purchase, which includes a consent payment of $7.50 per $1,000 principal amount of notes. The company intends to pay the total consideration, plus accrued and unpaid interest up to, but not including, the date of payment, on the early settlement date, which is expected to occur on or about April 17, 2013, assuming satisfaction or waiver of the conditions to the tender offer and consent solicitation. Holders who validly tender their notes after the consent date but on or prior to the expiration date will receive the tender offer consideration of $1,060.00 per $1,000 principal amount of notes accepted for purchase, plus accrued and unpaid interest up to, but not including, the date of payment, on the final settlement date, which is expected to occur promptly following the expiration date, assuming satisfaction or waiver of the conditions to the tender offer and consent solicitation. Holders of notes tendered after the consent date will not receive the consent payment.

NES Rentals Holdings Inc. Commences Tender Offer and Consent Solicitation for Outstanding 121/4% Second Lien Senior Secured Notes Due 2015

NES Rentals Holdings Inc. announced that it has commenced a cash tender offer and consent solicitation with respect to all of its outstanding $150.0 million aggregate principal amount of 121/4% 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. The tender offer will expire at 11:59 p.m., New York City time, on April 26, 2013, unless extended or earlier terminated by the company. Subject to the terms and conditions set forth in the Offer to Purchase, Holders who validly tender their Notes on or prior to 5:00 p.m., New York City time, on April 12, 2013, unless extended, will receive the total consideration of $1,067.50 per $1,000 principal amount of Notes accepted for purchase, which includes a consent payment of $7.50 per $1,000 principal amount of Notes. The company intends to pay the total consideration, plus accrued and unpaid interest up to, but not including, the date of payment, on the early settlement date, which is expected to occur promptly following the Consent Date, assuming satisfaction or waiver of the conditions to the tender offer and consent solicitation. Holders who validly tender their Notes after the Consent Date but on or prior to the Expiration Date will receive the tender offer consideration of $1,060.00 per $1,000 principal amount of Notes accepted for purchase, plus accrued and unpaid interest up to, but not including, the date of payment, on the final settlement date, which is expected to occur promptly following the Expiration Date, assuming satisfaction or waiver of the conditions to the tender offer and consent solicitation. Holders of Notes tendered after the Consent Date will not receive the consent payment. Tendered Notes may be validly withdrawn and consents may be validly revoked at any time on or prior to 5:00 p.m., New York City time, on April 12, 2013, unless extended, but not thereafter, except where the company elects to allow such withdrawal or in limited circumstances where withdrawal rights are required by law.

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