United Rentals said on March 7, 2024 that its subsidiary, United Rentals (North America), Inc., plans a private offering of $1.1 billion in principal amount of Senior Notes due 2034.

8-KRegulation FD DisclosureFiled Mar 7, 2024Period of report Mar 7, 2024Summary published (UTC) Oct 30, 2026

Key points

AI summary

United Rentals said on March 7, 2024 that its subsidiary, United Rentals (North America), Inc., plans a private offering of $1.1 billion in principal amount of Senior Notes due 2034.
The company said the net proceeds from the notes will be approximately $1.090 billion. It said it plans to use them, together with borrowings under its senior secured asset-based revolving credit facility, to finance the acquisition of Yak Access, LLC and to pay related fees and expenses.
The company said the notes will be guaranteed on a senior unsecured basis by United Rentals, Inc. and certain of its U.S. subsidiaries. It said the notes will be offered only to qualified institutional buyers under Rule 144A and to certain non-U.S. investors under Regulation S.
The company said the notes have not been registered under the Securities Act or any state securities laws. It also said there is no assurance that the offering will be completed on its proposed terms or at all.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$1.1 billion Senior Notes Private Offering Planned

United Rentals said on March 7, 2024 that its subsidiary, United Rentals (North America), Inc., plans a private offering of $1.1 billion in principal amount of Senior Notes due 2034.

Source · Based on the filing body and exhibits

Net Proceeds and Use of Funds

The company said the net proceeds from the notes will be approximately $1.090 billion. It said it plans to use them, together with borrowings under its senior secured asset-based revolving credit facility, to finance the acquisition of Yak Access, LLC and to pay related fees and expenses.

Source · Based on the filing body and exhibits

Guarantee Structure and Eligible Investors

The company said the notes will be guaranteed on a senior unsecured basis by United Rentals, Inc. and certain of its U.S. subsidiaries. It said the notes will be offered only to qualified institutional buyers under Rule 144A and to certain non-U.S. investors under Regulation S.

Source · Based on the filing body and exhibits

Unregistered Offering and Completion Uncertainty

The company said the notes have not been registered under the Securities Act or any state securities laws. It also said there is no assurance that the offering will be completed on its proposed terms or at all.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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