Nesco Holdings, Inc. (NSCO) News
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NSCO News Results
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NSCO News Highlights
- For NSCO, its 30 day story count is now at 9.
- Over the past 24 days, the trend for NSCO's stories per day has been choppy and unclear. It has oscillated between 1 and 3.
- The most mentioned tickers in articles about NSCO are CFR, MAR and PD.
Latest NSCO News From Around the Web
Below are the latest news stories about Nesco Holdings Inc that investors may wish to consider to help them evaluate NSCO as an investment opportunity.
Nesco Holdings Completes Acquisition of Custom Truck One Source in Partnership with Platinum Equity and Changes Its Name to Custom Truck One Source, Inc.Nesco Holdings, Inc. (NYSE: NSCO) ("Nesco"), which has been renamed as Custom Truck One Source, Inc. (the "Company") effective today, in partnership with an affiliate of Platinum Equity, LLC ("Platinum"), today announced the closing of the previously announced transaction to acquire Custom Truck One Source, L.P. ("CTOS") for a purchase price of $1.475 billion. Nesco and CTOS are leading providers of specialized truck and heavy equipment solutions, including rental, sales and aftermarket parts and service. |
Nesco prices $920M senior secured second lien notes by Nesco Holdings IINesco (NSCO) subsidiary Nesco Holdings II prices $920M aggregate principal amount of 5.500% senior secured second lien notes due 2029. The sale of the notes is expected to be consummated on or about April 1, 2021.Net proceeds, together with borrowings under a new asset-based revolving credit facility to be entered into by... |
Nesco Prices Offering of $920 Million of 5.500% Senior Secured Second Lien Notes by Nesco Holdings II, Inc.Nesco Holdings, Inc. (NYSE: NSCO, "Nesco") announced today that, in anticipation of the previously announced proposed business combination (the "proposed business combination") of its wholly owned subsidiary Nesco Holdings II, Inc. (the "Issuer") with Custom Truck One Source, L.P. ("Custom Truck"), the Issuer has priced an offering of $920 million aggregate principal amount of 5.500% senior secured second lien notes due 2029 (the "Notes"). The sale of the Notes is expected to be consummated on or about April 1, 2021, subject to customary closing conditions. The net proceeds from the offering of the Notes, together with borrowings under a new asset-based revolving credit facility to be entered into by the Issuer, as well as other sources, will be used to fund the proposed business combin... |
Nesco Holdings II, Inc. -- Moody's assigns ratings to Nesco Holdings II, Inc. with B2 CFR, 2nd lien sr sec at B3; outlook stableRating Action: Moody's assigns ratings to Nesco Holdings II, Inc. with B2 CFR, 2nd lien sr sec at B3; outlook stableGlobal Credit Research - 16 Mar 2021Approximately $920 million of rated debt assignedNew York, March 16, 2021 -- Moody's Investors Service, ("Moody's") assigned ratings to Nesco Holdings II, Inc. (Nesco), including a B2 corporate family rating (CFR), a B2-PD probability of default rating (PDR), and a B3 rating to its proposed $920 million second lien senior secured notes. Moody's also assigned an SGL-3 speculative grade liquidity rating. |
Nesco announces offering of $920M senior secured second lien notes by Nesco Holdings IINesco Holdings (NSCO) has announced that its indirect wholly owned subsidiary Nesco Holdings II, intends to offer $920M aggregate principal amount of senior secured second lien notes due 2029. The net proceeds will be used to fund the previously announced acquisition of 100% of the equity interests of Custom Truck... |
Nesco Announces Offering of $920 Million of Senior Secured Second Lien Notes by Nesco Holdings II, Inc.Nesco Holdings, Inc. (NYSE: NSCO, "Nesco") announced today that its indirect wholly owned subsidiary Nesco Holdings II, Inc. (the "Issuer") intends to offer $920 million aggregate principal amount of senior secured second lien notes due 2029 (the "Notes"). The Notes will be guaranteed on a senior secured second lien basis by Capitol Investment Merger Sub 2, LLC and each of the Issuer's existing and future wholly owned domestic restricted subsidiaries that guarantees the Issuer's obligations under its first lien asset-based revolving credit facility or certain other indebtedness. |
Nesco EPS beats by $0.03, beats on revenueNesco (NSCO): Q4 GAAP EPS of -$0.15 beats by $0.03.Revenue of $83.25M (+7.8% Y/Y) beats by $8.7M.Press Release... |
Should You Take Comfort From Insider Transactions At Nesco Holdings, Inc. (NYSE:NSCO)?We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also... |
Nesco Holdings' Shareholders Approve the Proposals Required to Consummate the Acquisition of Custom Truck One Source in Partnership with Platinum EquityNesco Holdings, Inc. (NYSE: NSCO, "Nesco" or the "Company") announced today that, at its special meeting of shareholders, held yesterday, shareholders approved and adopted the NYSE Proposal and each of the Charter Proposals (as such terms are defined in Nesco's definitive proxy statement filed with the U.S. Securities and Exchange Commission on January 20, 2021). The final vote results, as certified by the independent Inspector of Election, will be filed on a Form 8-K with the U.S. Securities and Exchange Commission. |
Is NSCO A Good Stock To Buy Now?Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […] |