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 priced a $2.5 billion registered senior notes offering across three tranches: $700M at 5.550% due 2029, $800M at 5.750% due 2031, and $1.0B at 6.200% due 2036. Net proceeds of approximately $2.476 billion will repay in full URNA's senior secured term loan and reduce borrowings under its ABL revolving and receivables securitization facilities.
Key figures
- Notes 2029
- $700,000,000 at 5.550% due 2029
- Notes 2031
- $800,000,000 at 5.750% due 2031
- Notes 2036
- $1,000,000,000 at 6.200% due 2036
- Net proceeds
- $2.476 billion
AI analysis
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