United Rentals (North America), Inc. Closes $500 Million Registered Public Offering

February 27, 2017

S&C client United Rentals (North America), Inc. (URNA), a wholly owned subsidiary of United Rentals, Inc. (URI), closed a registered public offering of $250 million aggregate principal amount of 5.875% senior notes due 2026 and $250 million aggregate principal amount of 5.50% senior notes due 2027, in each case, pursuant to a reopening of its existing series of such notes. 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 SEC in 2015.

United Rentals is the largest equipment rental company in the world, with an integrated network of 887 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 was led by Neal McKnight and Robert Downes, along with John Anselmi, Brian Farber, Joyce Kwok and Kristin Rulison. Jeffrey Hochberg, Saul Brander and Daniel Bleiberg advised on tax matters.