UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 26, 2009
RSC HOLDINGS INC.
RSC HOLDINGS III, LLC
RSC EQUIPMENT RENTAL, INC.
(Exact name of registrant as specified in its charter)
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DELAWARE
DELAWARE
ARIZONA
(State of incorporation)
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001-33485
333-144625-01
333-144625
(Commission File Number)
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22-1669012
41-2218971
86-0933835
(IRS Employer Identification No.) |
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6929 E. Greenway Parkway, Suite 200
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Scottsdale, Arizona
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85254 |
(Address of principal executive offices)
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(Zip Code) |
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(480) 905-3300 |
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(Registrants telephone number) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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TABLE OF CONTENTS
Item 7.01. Regulation FD Disclosure.
Pursuant
to Regulation FD, each registrant furnishes the information
set forth below. Such information shall not be deemed
to be filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or otherwise subject to the liabilities of that section, and shall
not be deemed to be incorporated by reference into any of the filings
of such registrant under the Securities Act of 1933, as amended
(the Securities Act), or the Exchange Act,
whether made before or after the date hereof and regardless
of any general incorporation language in such filings, except
to the extent expressly set forth by specific reference in such a filing.
As of May 31,
2009 on a pro forma basis after giving effect to the proposed amendment to the credit agreement, dated as of November 27, 2006
(the Credit Agreement), among RSC Holdings II, LLC (RSC II), RSC Holdings III, LLC (RSC III), RSC Equipment Rental, Inc.
(together with RSC III, the Issuers), RSC Equipment Rental of Canada Ltd., Deutsche Bank AG, New York
Branch, as U.S. administrative agent, Deutsche
Bank AG, Canada Branch, as Canadian administrative agent, and the other financial institutions party
thereto from time to time, which among other things, will permit the issuance of the Issuers 10% senior
secured notes due 2017 (the Senior Secured Notes),
and the Senior Secured Notes
offering and the application of the net
proceeds therefrom (pro forma basis),
the Issuers would have had approximately
$2,390.1 million of debt, $2,283.6 million of
senior debt (excluding capitalized lease obligations) and $1,770.1 million of secured debt outstanding.
As of May 31, 2009 on a pro forma basis, the
Issuers would have had approximately $375.0 million outstanding under
the revolving facility (the ABL Revolving Facility)
of the Issuers senior
secured asset-based loan
facilities (the Senior ABL Facilities) governed by the
Credit Agreement and no amounts outstanding
under the term facility (the ABL Term Facility) of the Senior ABL Facilities.
As of March 31, 2009 on a pro forma basis and as
May 31, 2009 on a pro forma basis, the Issuers
would have had approximately $733.6 million and approximately $762.9 million of available and undrawn capacity
under the ABL Revolving Facility, respectively. The Issuers intend to use the estimated net proceeds of approximately
$381.3 million from this offering for repayment of borrowings of $243.8 million under the ABL Term Facility and $134.0 million under the ABL Revolving
Facility (and reducing total commitments thereunder by an amount equal to
the face amount of the notes less the amount of net cash proceeds from such issuance applied to prepay the
ABL Term Facility) and to pay certain fees in connection with the Credit Agreement amendment.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is filed with this report:
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Exhibit 99.1 |
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Press Release RSC Equipment Rental, Inc. Announces
Pricing of $400 million 8-Year Senior Secured
Notes, dated June 26, 2009 |