Rermag Com Sites Rermag com Files Uploads 2013 05 Ahern
Rermag Com Sites Rermag com Files Uploads 2013 05 Ahern
Rermag Com Sites Rermag com Files Uploads 2013 05 Ahern
Rermag Com Sites Rermag com Files Uploads 2013 05 Ahern
Rermag Com Sites Rermag com Files Uploads 2013 05 Ahern

Ahern Rentals Seeks Bankruptcy Court Approval of $415 Million Exit Loan

May 20, 2013
Ahern Rentals has asked a Nevada bankruptcy judge to approve a $415 financing package from Jeffries Finance LLC to fund its Chapter 11 exit, according to Law360. The papers were filed with the U.S. Bankruptcy Court for the District of Nevada May 19.
Ahern Rentals owner Don Ahern has asked a Nevada judge to approve a $415 financing package from Jeffries Finance LLC to fund its Chapter 11 exit. Photo by Michael Roth, rer.

Ahern Rentals has asked a Nevada bankruptcy judge to approve a $415 financing package from Jeffries Finance LLC to fund its Chapter 11 exit, according to Law360. The papers were filed with the U.S. Bankruptcy Court for the District of Nevada May 19.

The bankruptcy court is expected to decide on competing reorganization plans in early June. Ahern Rentals owner Don Ahern is battling noteholders who want to gain control over company to satisfy $267 million of debt. The company’s plan would preserve Ahern’s 97-percent ownership stake in exchange for a payment plan it has proposed.

Ahern Rentals is based in Las Vegas.