United Rentals, Inc. (NYSE:URI) today announced that its subsidiary,
United Rentals (North America), Inc. (“URNA”) is offering approximately
$300 million aggregate principal amount of senior unsecured notes to
qualified institutional buyers in accordance with Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”) and outside
the United States in accordance with Regulation S under the Securities
Act.
The company plans to use the proceeds from the offering to purchase or
retire outstanding senior indebtedness, pay down outstanding borrowings
under URNA’s senior secured asset-backed revolving credit facility and
provide funds for other general corporate purposes.
This notice does not constitute an offer to sell or the solicitation of
an offer to buy securities. Any offers of the securities will be made
only by means of a private offering memorandum. The notes have not been
registered under the Securities Act or the securities laws of any other
jurisdiction and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
United Rentals, Inc.
Fred Bratman, 203-618-7318
Cell:
917-847-4507
fbratman@ur.com
