United Rentals Announces Pricing of Offering of $750 Million of 3.750% Senior Notes due 2032
United Rentals, Inc. (NYSE: URI) (URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has priced an offering of $750 million principal amount of 3.750% Senior Notes due 2032 (the Notes) in a registered public offering.
- United Rentals, Inc. (NYSE: URI) (URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has priced an offering of $750 million principal amount of 3.750% Senior Notes due 2032 (the Notes) in a registered public offering.
- URNAs obligations under the Notes will be guaranteed on a senior unsecured basis by URI and certain of URNAs domestic subsidiaries.
- Pending the payment of the redemption price for the 5% Senior Notes due 2026, the net proceeds from the offering of the Notes will be applied to reduce borrowings under the ABL Facility.
- This news release shall not constitute a notice of redemption under the optional redemption provisions of the indenture governing URNAs 5% Senior Notes due 2026.