RSC Holdings Inc. last week announced that it delivered a notice of redemption, subject to the satisfaction of certain conditions for all its outstanding 9.5 percent senior notes due 2014 and for all its outstanding 10 percent senior secured notes due 2017, each issued by RSC Equipment Rental and RSC Holdings III, LLC.
Notices of redemption pursuant to the terms of the indenture governing the 2014 and 2017 are being distributed by Wells Fargo Bank, National Association, the trustee under both Indentures. The 2014 Redemption Notice issued last week stated that the redemption date is to be no earlier than April 30, 2012, or such later date as when the conditions precedent are satisfied, and the redemption price is 102.375 percent of the principal amount of the notes redeemed, plus accrued and unpaid interest to the 2014 Redemption Date.
The 2017 Redemption Notice issued last week stated that the redemption date is to be no earlier than April 30, 2012, or such later date as when the conditions precedent are satisfied. The redemption price is 100 percent of the principal amount of the notes redeemed, plus accrued and unpaid interest to the 2017 redemption date, plus an applicable premium.
RSC Holdings, based in Scottsdale, Ariz., is the holding company for the operating entity RSC Equipment Rental, which is No. 2 on the RER 100.
