New York, May 29, 2013 -- Moody's Investors Service has assigned a B3 corporate family rating ("CFR") to Ahern Rentals, Inc. ("Ahern") and a Caa1 rating to the company's proposed $415 million second priority senior secured notes due 2018. The ratings outlook is stable. Proceeds from the proposed notes issuance together with a proposed $325 million asset-based revolving credit facility (unrated) will serve as exit financing used to fund Ahern's planned emergence from Chapter 11 bankruptcy.
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