The company said the expiration date of the Amended A/R Facility was extended to June 24, 2025 under an amendment entered into on May 24, 2024. The facility may be further extended in increments of 364 days by mutual agreement of the company and the purchasers.

1. 01

   The company said the expiration date of the Amended A/R Facility was extended to June 24, 2025 under an amendment entered into on May 24, 2024. The facility may be further extended in increments of 364 days by mutual agreement of the company and the purchasers.

2. 02

   United Rentals said the Purchase Limit for the Amended A/R Facility and the aggregate commitments of the banks were increased from $1,300,000,000 to $1,500,000,000.

3. 03

   The company said the amendment added Regions Bank as a new bank and a new purchaser agent under the Receivables Purchase Agreement. The existing banks are The Bank of Nova Scotia, PNC Bank, Truist Bank, MUFG Bank, Ltd. and The Toronto-Dominion Bank.

4. 04

   The company said advances under the Amended A/R Facility will continue to be reflected as debt on its condensed consolidated balance sheets, and receivables in the collateral pool will continue to be reflected as assets. It explained that advances are permitted only to the extent the face amount of eligible receivables in the collateral pool exceeds outstanding loans by a specified amount, and that the receivables in the collateral pool are the lenders' only source of repayment.

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Original filing

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