December 06, 2016 3:30 AM ET

Trading Companies and Distributors

Company Overview of United Rentals (North America), Inc.

Company Overview

United Rentals (North America), Inc. operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools. This segment serves construction and industrial companies, manufacturers, utilities, municipalities, and homeowners. The Trench, Power, and Pump segment is involved in the rental of sp...

100 First Stamford Place

Suite 700

Stamford, CT 06902

United States

Phone:

203-622-3131

Key Executives for United Rentals (North America), Inc.

Chief Executive Officer and Director
Age: 62
Chief Financial Officer and Executive Vice President
Age: 57
Principal Accounting Officer, Vice President and Controller
Age: 43
Executive Vice President
Age: 68
Senior Vice President
Age: 52
Compensation as of Fiscal Year 2016.

United Rentals (North America), Inc. Key Developments

United Rentals Announces Partial Redemption of 7.625% Senior Notes Due 2022

United Rentals, Inc. announced that its subsidiary, United Rentals (North America), Inc. has given notice of its intention to redeem $850 million of the outstanding $1.325 billion principal amount of its 7.625% Senior Notes due 2022 on November 23, 2016 (the “Redemption Date”). The Notes to be redeemed will be selected by the Depositary for redemption in accordance with the Depositary’s applicable procedures. The Notes will be redeemed at a redemption price currently estimated to be 106.418% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date. URNA has instructed Wells Fargo Bank, National Association, as the trustee for the Notes, to distribute a Notice of Redemption to all registered holders of the Notes on October 24, 2016. URNA expects to use the net proceeds from its offering of 5.50% Senior Notes due 2027, which is expected to close November 7, 2016, and additional borrowings of $166 million under its senior secured asset-based revolving credit facility to redeem the Notes and to pay related expenses.

United Rentals (North America), Inc. Announces Redemption of 7.375% Senior Notes Due 2020

United Rentals, Inc. announced that its subsidiary, United Rentals (North America), Inc. has given notice of its intention to redeem all of the outstanding $200 million principal amount of its 7.375% Senior Notes due 2020 (CUSIP Number 911365BA1) on August 19, 2016. The Notes will be redeemed at a redemption price equal to 103.688% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date. URNA expects to use borrowings of $211 million under its senior secured asset-based revolving credit facility to redeem the Notes and to pay related expenses.

United Rentals (North America), Inc. Completes an Offering of $750 Million Aggregate Principal Amount of its 5.875% Senior Notes Due 2026

On May 13, 2016, United Rentals (North America), Inc. completed an offering of $750 million aggregate principal amount of its 5.875% Senior Notes due 2026. The Notes were sold pursuant to United Rentals, Inc. (URI) and URNA's shelf registration statement on Form S-3 (File No. 333-201927) previously filed. The Notes were issued pursuant to an indenture (the Indenture), dated as of May 13, 2016, among URNA, URI, certain domestic subsidiaries of URNA (the Subsidiary Guarantors and, together with URI, the Guarantors), and Wells Fargo Bank, National Association, as trustee. The Notes mature on September 15, 2026 and bear interest at a rate of 5.875% per year payable semi-annually in cash in arrears on March 15 and September 15 of each year, beginning September 15, 2016.

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