United Rentals Announces Launch of Syndication of $1 Billion Secured Term Loan B

United Rentals, Inc. ((("United Rentals", NYSE:URI) today announced that its subsidiary, United Rentals (North America), Inc. ("URNA") launched syndication of a $1 billion senior secured term loan B credit facility (the "Term Loan B"), which will be guaranteed by United Rentals and certain subsidiaries of URNA and secured by the same collateral as URNA's existing senior secured asset-based revolving credit facility. The Term Loan B is expected to mature in October 2025; however, the terms and conditions and closing of the Term Loan B will depend on market and other conditions.

URNA intends to apply the proceeds of the Term Loan B to pay, in part, the purchase price with respect to the BlueLine Rental acquisition from Platinum Equity.

Bank of America Merrill Lynch will act as agent for the syndicated lenders and as joint lead arranger with Wells Fargo Securities, LLC and other potential arrangers.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as the PSLRA. Forward-looking statements involve significant risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. These statements are based on current plans, estimates and projections, and, therefore, you should not place undue reliance on them. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. United Rentals undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about the business and future financial results of the equipment rental industries, and other legal, regulatory and economic developments. We use words such as "anticipates," "believes," "plans," "expects," "projects," "future," "intends," "may," "will," "should," "could," "estimates," "predicts," "potential," "continue," "guidance," and similar expressions to identify these forward-looking statements that are intended to be covered by the safe harbor provisions of the PSLRA. United Rentals gives no assurance that it will achieve its expectations and does not assume any responsibility for the accuracy and completeness of the forward-looking statements.

You should carefully consider risks and uncertainties that affect the businesses of United Rentals described in the "Risk Factors" section of the Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. All forward-looking statements included in this document are based upon information available to United Rentals on the date hereof; and United Rentals assumes no obligations to update or revise any such forward-looking statements.

About United Rentals

United Rentals is the largest equipment rental company in the world. As of August 31, 2018, the company had an integrated network of 1,074 rental locations in North America and 11 in Europe, with approximately 16,600 employees serving construction and industrial customers, utilities, municipalities, homeowners and others. The company offers approximately 3,800 classes of equipment for rent with a total original cost of $12.8 billion. United Rentals is a member of the Standard & Poor's 500 Index, the Barron's 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.

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