Investcorp Purchases 20% Of US NationsRent
Investcorp has entered into an agreement on 21 July to buy$100mn of perpetual convertible preferred stock in NationsRent of FortLauderdale, Florida, convertible into approximately 14.3mn shares of commonstock. Investcorp will own about 20% of NationsRent which deals inconstruction equipment - and as a result of its equity investment, NationsRentwill have approximately $400mn available under its senior credit...
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