United Rentals Announces Pricing of Offering of $700,000,000 of 5.550% Senior Notes due 2029; $800,000,000 of 5.750% Senior Notes due 2031; $1,000,000,000 of 6.200% Senior Notes due 2036
Key Highlights
- ➤$700 million 5.550% senior notes due 2029 priced
- ➤$800 million 5.750% senior notes due 2031 priced
- ➤$1 billion 6.200% senior notes due 2036 priced
- ➤$2.476 billion expected net proceeds to repay debt and reduce borrowings
- ➤URNA’s inaugural investment-grade debt issuance priced
United Rentals Announces Pricing of Offering of $700,000,000 of 5.550% Senior Notes due 2029; $800,000,000 of 5.750% Senior Notes due 2031; $1,000,000,000 of 6.200% Senior Notes due 2036
United Rentals, Inc. (NYSE: URI) (“URI”) today announced that its subsidiary, United Rentals (North America), Inc. (“URNA”), has priced an offering of $700,000,000 principal amount of 5.550% Senior Notes due 2029 (the “2029 Notes”), $800,000,000 principal amount of 5.750% Senior Notes due 2031 (the “2031 Notes”) and $1,000,000,000 principal amount of 6.200% Senior Notes due 2036 (the “2036 Notes”, and together with the 2029 Notes and the 2031 Notes, the “Notes”) in a registered public offering. The offering represents URNA’s inaugural investment-grade debt issuance.
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