United Rentals Inc /De - Current report filing (8-K)
May 09 2008 - 2:01PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
May 7, 2008
UNITED RENTALS, INC.
UNITED RENTALS (NORTH AMERICA), INC.
(Exact name of Registrants as Specified in their Charters)
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Delaware
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001-14387
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06-1522496
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Delaware
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001-13663
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06-1493538
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(States or Other Jurisdiction of Incorporation)
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(Commission file Numbers)
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(IRS Employer
Identification Nos.)
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Five Greenwich Office Park, Greenwich, CT
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06831
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area
code:
(203) 622-3131
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Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:
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o
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Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material
pursuant to Rule 14a-2 under the Exchange Act (17 CFR 240.14a-2)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01. Regulation FD
Disclosure.
On May 7, 2008, United Rentals, Inc.
(the Company) entered into a fully underwritten firm commitment letter with
Bank of America, N.A., Banc of America Securities LLC, UBS Loan Finance LLC, UBS
Securities LLC, Wachovia Capital Markets, LLC and Wachovia Bank, National Association, for
the funding to United Rentals (North America), Inc. (URNA) and certain of its
other subsidiaries of a new, $1 billion, asset-based revolver loan facility (the
Facility).
The Facility is intended to refinance
the existing cash flow revolver, letter of credit facility, and term loan of URNA and such
subsidiaries, a portion of which has a maturity in early 2009, and is also to be used for
working capital and other corporate purposes. The Facility will be secured by
substantially all of the Companys assets, other than its real property and accounts
receivable. URNAs current $300 million accounts receivable-backed facility will
remain in place. The Facility is in the process of being syndicated to prospective other
lenders, with the expectation that a definitive credit agreement for the Facility will be
executed and drawn upon in June 2008.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized on this 9
th
day of May, 2008.
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UNITED RENTALS,
INC.
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By:
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/s/ Roger E.
Schwed
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Name:
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Roger E. Schwed
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Title:
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General Counsel
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UNITED RENTALS
(NORTH AMERICA), INC.
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By:
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/s/ Roger E.
Schwed
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Name:
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Roger E. Schwed
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Title:
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General Counsel
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