United Rentals Announces Extension of Exchange Offer for URNA’s 4.875% Senior Notes due 2028
December 06 2017 - 6:22PM
Business Wire
United Rentals, Inc. (NYSE:URI) (“URI” or the “Company”) today
announced that its subsidiary, United Rentals (North America), Inc.
has extended the expiration date of its offer to exchange (the
“Exchange Offer”) up to $750 million aggregate principal amount of
its outstanding 4.875% Senior Notes due 2028 issued in a registered
offering on September 22, 2017 (the “Old Notes”) for an equivalent
amount of its new 4.875% Senior Notes due 2028 (the “New Notes”)
registered under the Securities Act of 1933, as amended. As a
result of the extension, the Exchange Offer is now scheduled to
expire at 5:00 p.m., New York City time, on December 15, 2017
unless further extended.
The Exchange Offer was scheduled to expire on December 6, 2017
at 5:00 p.m., New York City time. As of 5:00 p.m. on December 6,
2017, $745,393,000 in aggregate principal amount, or 99.386% of the
Old Notes had been validly tendered and not withdrawn. Except for
the extension of the expiration date, all of the other terms of the
Exchange Offer remain as set forth in the Exchange Offer
prospectus, dated November 6, 2017, filed with the U.S. Securities
and Exchange Commission (“SEC”).
Copies of the prospectus and the other Exchange Offer materials
may be obtained from Wells Fargo Bank, National Association, the
exchange agent for the offer. Please contact the exchange agent
with any questions regarding the Exchange Offer at 600 Fourth
Street South, 7th Floor, Minneapolis, MN 55402, Attn: Corporate
Trust Operations, or by phone at: (800) 344-5128.
No Offer or Solicitation
This press release is for informational purposes only and is
neither an offer to buy nor a solicitation to of an offer to sell
any Old Notes or New Notes. The Exchange Offer is being made only
pursuant to the Exchange Offer prospectus, which is being
distributed to holders of the Old Notes and has been filed with the
SEC as part of the Company’s registration statement on Form S-4
(File No. 333-221007), which was declared effective on November 6,
2017.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in
the world. Following the acquisition of Neff Corporation, the
company has an integrated network of 1,019 rental locations in 49
states and every Canadian province. The company’s approximately
15,000 employees serve construction and industrial customers,
utilities, municipalities, homeowners and others. The company
offers approximately 3,300 classes of equipment for rent with a
total original cost of $11.6 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.
Important Notice Regarding Forward-Looking Statements
This press release contains certain forward-looking statements.
Statements that are not historical facts, including statements
about our perspectives and expectations, are forward-looking
statements. The words "expect," "believe," "estimate," "intend,"
"plan" and similar expressions, when related to the Company and its
subsidiaries, indicate forward-looking statements. These statements
reflect the current view of management and are subject to various
risks and uncertainties. These statements are based on various
assumptions and factors, including general economic, market,
industry and operational factors. Any changes to these assumptions
or factors may lead to practical results different from current
expectations. Excessive reliance should not be placed on those
statements. Forward-looking statements relate only to the date they
were made, and the Company and its subsidiaries undertake no
obligation to update forward-looking statements to reflect events
or circumstances after the date they were made.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171206006372/en/
United Rentals, Inc.Ted Grace, 203-618-7122Cell:
203-399-8951tgrace@ur.com
United Rentals (NYSE:URI)
Historical Stock Chart
From Mar 2024 to Apr 2024
United Rentals (NYSE:URI)
Historical Stock Chart
From Apr 2023 to Apr 2024