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Stock impact report

United Rentals Announces Pricing of Private Offering of $1.5 Billion of 5.375% Senior Notes due 2033

United Rentals, Inc. (URI) 
Last united rentals, inc. earnings: 4/29 04:15 pm Check Earnings Report
Company Research Source: Business Wire
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) (“URI”) today announced that its subsidiary, United Rentals (North America), Inc. (“URNA”), has priced an offering of $1.5 billion principal amount of 5.375% Senior Notes due 2033 (the “Notes”) in a private offering.URNA’s obligations under the Notes will be guaranteed on a senior unsecured basis by URI and certain of URNA’s domestic subsidiaries.Aggregate net proceeds from the sale of the Notes are expected to be approximately $1.486 billion after initial purchasers’ discounts and commissions and payments of estimated fees and expenses. URNA expects to use the net proceeds from its offering of the Notes to redeem URNA’s outstanding $500 million 5½% Senior Notes due 2027 and for general corporate purposes, including to reduce borrowings under URNA’s senior secured asset-based revolving credit facility.URNA is offering the Notes (and the related guarantees) pursuant to an exemption under the Securities Act of 1933, Show less Read more
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