United Rentals, Inc. announced a proposed private offering of $1.5 billion of Senior Notes due 2033 through its subsidiary, United Rentals (North America), Inc.
The offering will be guaranteed by United Rentals, Inc. and certain domestic subsidiaries of URNA.
Proceeds from the Notes issuance are expected to be approximately $1.486 billion after discounts and fees, intended for redemption of existing notes and corporate purposes.
Proposed Offering
United Rentals, Inc. announced a private offering of $1.5 billion Senior Notes due 2033 by its subsidiary, URNA.
Guarantees
URNA's obligations under the Notes will be guaranteed by United Rentals, Inc. and selected domestic subsidiaries.
Use of Proceeds
The net proceeds from the offering will be used for redeeming existing notes and general corporate purposes.
- The proposed offering indicates United Rentals' strategic move to raise capital through debt issuance.
- The guarantee on the Notes by URNA and its parent company enhances investor confidence in the offering.
United Rentals' announcement of the private offering reflects the company's financial strategy to optimize its capital structure and support its operational objectives.