United Rentals Closes $750 Million Registered Offering of High Yield Notes

November 7, 2016

S&C client United Rentals (North America), Inc. (URNA), a wholly owned subsidiary of United Rentals, Inc. (URI), closed a registered public offering of $750 million of its 5.50% senior notes due 2027. The senior notes are guaranteed on a senior unsecured basis by URI and certain of URNA's domestic subsidiaries.

The notes were sold under a shelf registration statement filed with the U.S. Securities and Exchange Commission in 2015.
United Rentals is the largest equipment rental company in the world, with an integrated network of 890 rental locations in the United States and Canada offering approximately 3,200 classes of rental equipment to customers that include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities.

The S&C team representing URI included Neal McKnight, Robert Downes, John Anselmi, Brian Farber and John Hasley. Jeffrey Hochberg and Jonathan Rhein advised on tax matters.