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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
AUGUST 2, 2000
NATIONSRENT, INC.
(Exact Name of Registrant as Specified in Charter)
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DELAWARE 001-14299 31-1570069
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(State or Other Jurisdiction of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
450 EAST LAS OLAS BLVD.
FT. LAUDERDALE, FLORIDA 33301
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(Address of Principal Executive Offices) (Zip Code)
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Registrant's telephone number, including area code: (954) 760-6550
N/A
(Former Name or Former Address; if Changed Since Last Report)
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ITEM 5. OTHER ITEMS.
On August 2, 2000, NationsRent, Inc., a Delaware corporation (the
"Company") entered into a Preferred Stock Purchase Agreement to sell $100
million of Series B Convertible Preferred Stock, par value $.01 per share (the
"Preferred Stock") to NR2 Holdings Limited, a Cayman Islands company, DB Capital
Investors, L.P., a Delaware limited partnership, J.P. Morgan Capital
Corporation, a Delaware corporation and Sixty Wall Street Fund, L.P., a Delaware
limited partnership. The initial sale of Preferred Stock for $52 million was
completed on August 2, 2000 and the remaining sale of Preferred Stock for $48
million will occur upon stockholder's approval which will be sought in a special
meeting of the Company's stockholders within six weeks from the date hereof.
On August 2, 2000, the Company also announced that it increased its
senior credit facilities by $125 million, to an agregate principal amount of
$900 million.
A copy of the press release announcing the sale of the Preferred Stock
and the increase in senior credit facilities is attached hereto as Exhibit 99.1
and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
EXHIBIT NUMBER DESCRIPTION
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99.1 Press release dated August 2, 2000
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
August 4, 2000 NATIONSRENT, INC.
By: /s/ JOSEPH H. IZHAKOFF
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Joseph H. Izhakoff, Vice President,
General Counsel and Secretary
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EXHIBIT INDEX
EXHIBIT EXHIBIT
NUMBER DESCRIPTION
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99.1 Press release dated August 2, 2000
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