Ahern Rentals Bondholders Consider Debt Talks With Company (1)

Ahern Rentals Inc. bondholders are preparing to start talks with the family-owned equipment rental company after receiving a refinancing proposal from the firm, according to people with knowledge of the matter.

Some holders of the company’s $550 million of bonds due 2023 are in the process of evaluating and signing non-disclosure agreements that would limit their ability to trade the notes while they receive private information, said the people, who asked not to be identified discussing confidential details. Ahern Rentals’ law firm Stoel Rives sent a debt plan to the bondholder group’s lawyers at Willkie Farr & Gallagher, the ...