Market Overview

United Rentals Announces Pricing of $400 Million Senior Unsecured Notes

Related URI
Latest Rally In Chinese Commodity Prices Could Be Largely Rooted In Speculation
Watch These 8 Huge Put Purchases In Thursday Trade
United Rentals Getting Closer To Key Technical Benchmark (Investor's Business Daily)

United Rentals, Inc. (NYSE: URI) (“URI”) today announced that its subsidiary, United Rentals (North America), Inc. (“URNA”), has priced an offering of $400 million principal amount of 6^1/[8]% senior unsecured notes due 2023 in a registered public offering.

Net proceeds from the sale of the senior notes of URNA, after underwriting discounts and commissions, and the payment of estimated fees and expenses, will be approximately $392 million. URNA's obligations under its senior notes will be guaranteed on a senior basis by URI and certain of URNA's domestic subsidiaries. URNA expects the offering to close on October 30, 2012, subject to customary closing conditions.

Posted-In: News Financing Offerings


Related Articles (URI)

View Comments and Join the Discussion!