07.03.2024 14:24:31 - dpa-AFX: United Rentals' Subsidiary Announces Private Offering Of $1.1 Bln Of Senior Notes Due 2034

WASHINGTON (dpa-AFX) - United Rentals, Inc. (URI) announced on Thursday that
its subsidiary, United Rentals' North America, Inc. also known as URNA, is
offering $1.1 billion in Senior Notes due 2034 in a private offering.

The sale of the Notes is expected to generate aggregate net proceeds of around
$1.090 billion after accounting for the expenses.

URNA plans to offer these notes exclusively to certain institutional buyers in
compliance with specific securities regulations, as it intends to use these net
proceeds, along with borrowings under URNA's senior secured asset-based
revolving credit facility, to fund the acquisition of Yak Access, LLC, and cover
associated fees and expenses.

The Notes' obligations will be guaranteed on a senior unsecured basis by URI and
certain of URNA's domestic subsidiaries.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
United Rentals 911443 NYSE 646,300 10.06.24 20:48:46 +2,900 +0,45% 645,950 646,820 640,420 643,400

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