United Rentals Announces $300 Million Senior Notes Offering
June 02 2009 - 7:14AM
Business Wire
United Rentals, Inc. (NYSE:URI) today announced that its
subsidiary, United Rentals (North America), Inc. (�URNA�) is
offering approximately $300 million aggregate principal amount of
senior unsecured notes to qualified institutional buyers in
accordance with Rule 144A under the Securities Act of 1933, as
amended (the �Securities Act�) and outside the United States in
accordance with Regulation S under the Securities Act.
The company plans to use the proceeds from the offering to
purchase or retire outstanding senior indebtedness, pay down
outstanding borrowings under URNA�s senior secured asset-backed
revolving credit facility and provide funds for other general
corporate purposes.
This notice does not constitute an offer to sell or the
solicitation of an offer to buy securities. Any offers of the
securities will be made only by means of a private offering
memorandum. The notes have not been registered under the Securities
Act or the securities laws of any other jurisdiction and may not be
offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
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