MIAMI, Aug. 19 /PRNewswire/ -- Neff Rental, Inc. ("Neff"), a privately owned equipment rental company and certain of its affiliates, announced that it had selected an affiliate of Wayzata Investment Partners ("Wayzata") as the successful bidder to sponsor Neff's plan of reorganization at a court-approved auction conducted as a part of Neff's prearranged reorganization proceedings.
Neff Rental, Inc. Receives Court Approval of Disclosure Statement and Rights Offering Backstop Commitment From Plan Sponsors
MIAMI, July 13 /PRNewswire/ -- Neff Rental, Inc. and certain of its affiliates (collectively, "Neff"), a privately owned equipment rental company, today announced that the United States Bankruptcy Court for the Southern District of New York (the "Court") has approved Neff's disclosure statement and agreement with certain creditors holding approximately 67% of the aggregate principal amount of Neff's first lien term loan, pursuant to which those creditors have agreed to backstop a new equity investment of up to $119 million to recapitalize Neff's business and provide for future capital needs.
Caterpillar and Other Heavy Equipment Rental Service Launching in Cameroon, Central Africa on April 12, 2010
U.S. based Company Launching in Bassa, Doula to Provide Heavy Equipment Rental Service for Infrastructure Development in Central Africa
