April 22, 2018 11:40 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: 63
Chief Financial Officer and Executive Vice President
Age: 58
Principal Accounting Officer, Vice President and Controller
Age: 44
Chief Administrative & Legal Officer and Executive Vice President
Age: 47
Executive Vice President
Age: 69
Compensation as of Fiscal Year 2017.

United Rentals (North America), Inc. Key Developments

United Rentals (North America) Announces Extension of Exchange Offer for URNA’s 4.875% Senior Notes Due 2028

United Rentals, Inc. 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6, 2017, $745,393,000 in aggregate principal amount, or 99.386% of the Old Notes had been validly tendered and not withdrawn.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 in the Exchange Offer prospectus, dated November 6, 2017, filed with the U.S. Securities and Exchange Commission (“SEC”).

United Rentals (North America), Inc. Announces Redemption of 7.625% Senior Notes Due 2022

Effective as of October 25, 2017 (the Redemption Date), URNA redeemed all of the outstanding $225 million principal amount of its 7.625% Senior Notes due 2022 (the Notes) at a redemption price equal to 103.813% of the principal amount thereof plus accrued and unpaid interest thereon to the Redemption Date, in accordance with the terms of the Indenture dated as of March 9, 2012 (the Base Indenture), between URNA, formerly known as UR Merger Sub Corporation, which was successor-in-interest to UR Financing Escrow Corporation, and Wells Fargo Bank, National Association, as Trustee (the Trustee), as supplemented by the First Supplemental Indenture among URNA, United Rentals, Inc., and the subsidiaries named therein (the Guarantors), and the Trustee, dated as of April 30, 2012 (the First Supplemental Indenture, together with the Base Indenture, the Indenture). URNA previously notified the holders of the Notes on September 25, 2017 that it had elected to redeem the Notes on the Redemption Date.

United Rentals (North America), Inc. Announces Full Redemption of 6.125% Senior Notes Due 2023

United Rentals, Inc. announced that its subsidiary, United Rentals (North America), Inc. (URNA), has given notice of its intention to redeem all of the outstanding $925 million principal amount of its 6.125% Senior Notes due 2023 on August 27, 2017. The 2023 Notes will be redeemed at a redemption price currently estimated to be 104.371% of the principal amount of the 2023 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 2023 Notes, to distribute a Notice of Redemption to all registered holders of the 2023 Notes on July 28, 2017. URNA expects to use the net proceeds from its offering of 4.875% Senior Notes due 2028, which is expected to close August 11, 2017, and additional borrowings of $53 million under its senior secured asset-based revolving credit facility to redeem the 2023 Notes and to pay related expenses. The redemption is subject to, and conditioned upon, the completion by URNA of its offering of 4.875% Senior Notes due 2028 no later than the Redemption Date and sufficient funds being available to be drawn by URNA under its senior secured asset-based revolving credit facility at the time URNA is required to deposit the redemption price with the trustee for the 2023 Notes to fund the redemption, and such funds being disbursed when requested by URNA. The Redemption Date may be delayed until such time as the conditions precedent shall be satisfied. In the event that such conditions precedent have not been so satisfied by the Redemption Date, or by the Redemption Date as so delayed, the Notice of Redemption will be rescinded upon notice to the trustee and will be of no force or effect for any purpose.

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