United Rentals Announces Pricing of $400 Million Senior Unsecured Notes

United Rentals, Inc. 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.
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