Neff Rental LLC and Neff Finance Corp. Announce Extension of Notes Exchange Offer.MIAMI -- Neff Rental LLC and Neff Finance Corp. (the "Companies") announced today that they have extended the expiration date of their offer to exchange up to (i) $245.0 million in aggregate principal amount Principal amount The face amount of debt; the amount borrowed or lent. Often called principal. of their 11-% Series B Second Priority Senior
Secured Notes due 2012, originally issued July 8, 2005 and (ii) $80.0
million in aggregate principal amount of their 13% Series B Senior
Subordinated Notes due 2013, originally issued June 3, 2005, as amended
and restated on July 8, 2005, which have been registered under the
Securities Act of 1933, as amended, for a like principal amount of their
outstanding 11-% Series A Second Priority Senior Secured Notes due 2012
(the "Old Senior Notes") and 13% Series A Senior Subordinated
Notes due 2013 (the "Old Subordinated Notes" and, together
with the Old Senior Notes, the "Old Notes").The exchange offer was originally scheduled to expire at 5:00 p.m., New York City time, on November 3, 2006, but now has been extended to 5:00 p.m., New York City time, on Tuesday, November 7, 2006. Tenders with respect to $245.0 aggregate principal amount of the Old Senior Notes, out of a total of $245.0 million aggregate principal amount eligible to participate in the exchange offer, have been received to date. Tenders with respect to $75.0 aggregate principal amount of the Old Subordinated Notes, out of a total of $80.0 million aggregate principal amount eligible to participate in the exchange offer, have been received to date. The terms of the exchange offer and other information relating to the Companies are set forth in the prospectus dated October 4, 2006. Copies of the prospectus may be obtained from Wells Fargo Bank, National Association, which is serving as the exchange agent in connection with this exchange offer. Wells Fargo Bank, National Association's address, telephone number and facsimile number are as follows: Wells Fargo Bank, National Association Corporate Trust Operations MAC N9303-121 6th & Marquette Avenue Minneapolis, MN 55479 Attention: Reorg By Facsimile Transmission: (612) 667-6282 Attention: Bondholder Communications Confirm by Telephone: (800) 334-5128; or (612) 667-9764 Attention: Bondholder Communications This press release shall not constitute an offer to exchange nor a solicitation of an offer to exchange the Old Notes. The exchange offer is made only by the prospectus dated October 4, 2006. This press release contains forward-looking statements within the meaning of the federal securities laws relating to the exchange offer. These statements are based upon management's current expectations and beliefs and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include market conditions and other factors beyond the Company's control and the risk factors and other cautionary statements discussed in the Company's filings with the U.S. Securities and Exchange Commission. |
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