RSC Sets IPO Terms

RSC Holdings Inc., a Scottsdale, Ariz.-based construction equipment rental company, has set its proposed IPO terms to around 20.83 million common shares being offered at between $23 and $25 per share. It plans to trade on the NYSE under ticker symbol RRR, with Morgan Stanley, Deutsche Bank and Lehman Brothers serving as co-lead underwriters. The company is owned by Oak Hill Capital Partners and Ripplewood Holdings, with each firm expected to hold a 34% position post-IPO.