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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