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UNITED RENTALS, INC.

(URI)
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UNITED RENTALS, INC. : Termination of a Material Definitive Agreement, Other Events (form 8-K)

09/15/2021 | 04:03pm EDT

Item 1.02 Termination of a Material Definitive Agreement.

Information set forth in Item 8.01 below, as to the satisfaction and discharge of the Indenture governing the Notes, is incorporated by reference into this Item 1.02.



 Item 8.01 Other Events.




Redemption of 5.875% Senior Notes due 2026 and Satisfaction and Discharge of the Indenture

Effective as of September 15, 2021 (the "Redemption Date"), United Rentals (North America), Inc. ("URNA") redeemed all of the outstanding $1.0 billion principal amount of its 5.875% Senior Notes due 2026 (the "Notes") at a redemption price equal to 102.938% 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 May 13, 2016 (the "Indenture"), among URNA, United Rentals, Inc. and the subsidiaries named therein, as guarantors (the "Guarantors"), and Wells Fargo Bank, National Association, as Trustee (the "Trustee"). URNA previously notified the holders of the Notes on August 13, 2021 that it had elected to redeem the Notes on the Redemption Date.

URNA has irrevocably deposited with the Trustee sufficient funds to fund the redemption of the Notes. As a result, URNA and the Guarantors under the Notes have been released from their respective obligations under the Notes and the Indenture pursuant to the satisfaction and discharge provisions thereunder, effective as of the Redemption Date.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 9 592 M - -
Net income 2021 1 367 M - -
Net Debt 2021 9 561 M - -
P/E ratio 2021 19,8x
Yield 2021 -
Capitalization 26 661 M 26 661 M -
EV / Sales 2021 3,78x
EV / Sales 2022 3,40x
Nbr of Employees 18 250
Free-Float 63,0%
Chart UNITED RENTALS, INC.
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United Rentals, Inc. Technical Analysis Chart | URI | US9113631090 | MarketScreener
Technical analysis trends UNITED RENTALS, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 368,29 $
Average target price 382,50 $
Spread / Average Target 3,86%
EPS Revisions
Managers and Directors
Matthew John Flannery President, Chief Executive Officer & Director
Jessica T. Graziano Chief Financial Officer & Executive Vice President
Michael J. Kneeland Non-Executive Chairman
Daniel T. Higgins Chief Information Officer & Vice President
Dale A. Asplund Chief Operating Officer & Executive Vice President
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