Equipment Co. Ahern Secures $415M Bankruptcy Exit Loan

Law360, New York (May 20, 2013, 5:25 PM EDT) -- Ahern Rentals Inc. has asked a Nevada bankruptcy judge to sign off on a $415 million financing package from Jeffries Finance LLC that it plans to use to fund its Chapter 11 exit, according to court papers filed Sunday.

The equipment rental company said the fee and engagement letters for the Jeffries financing need to be kept confidential, but that the secured bridge loan is expected to cost about $20 million. Earlier this month, Ahern also sought approval for two loans totaling $495 million that are...
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