Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

UNITED RENTALS, INC.

(URI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

United Rentals : Announces Full Redemption of 5.875% Senior Notes due 2026

08/13/2021 | 08:53am EST

United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (“URNA”), has given notice of its intention to redeem all of the outstanding $1.0 billion principal amount of its 5.875% Senior Notes due 2026 (CUSIP Number 911365 BE3) (the “Notes”) on September 15, 2021 (the “Redemption Date”). The Notes will be redeemed at a redemption price (the “Redemption Price”) of 102.938% 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 (the “Trustee”), to distribute a notice of redemption to all registered holders of the Notes on August 13, 2021. Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from Wells Fargo Bank, National Association by calling 1-800-344-5128.

URNA expects to use borrowings under its senior secured asset-based revolving credit facility to redeem the Notes and to pay related expenses.

The redemption is subject to, and conditioned upon, 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 to fund the payment of the Redemption Price 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, URNA will notify the Trustee, and upon any such notice to the Trustee, the notice of redemption will be of no force or effect for any purpose.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,275 rental locations in North America, 11 in Europe, 28 in Australia and 18 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 19,900 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers approximately 4,200 classes of equipment for rent with a total original cost of $15.06 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as the PSLRA. Forward-looking statements involve significant risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. These statements are based on current plans, estimates and projections, and, therefore, you should not place undue reliance on them. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about the business and future financial results of the equipment rental industries, and other legal, regulatory and economic developments. We use words such as “anticipates,” “believes,” “plans,” “expects,” “projects,” “future,” “intends,” “may,” “will,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “guidance,” and similar expressions to identify these forward-looking statements that are intended to be covered by the safe harbor provisions of the PSLRA. We give no assurance that it will achieve its expectations and does not assume any responsibility for the accuracy and completeness of the forward- looking statements. You should carefully consider risks and uncertainties that affect our businesses described in the “Risk Factors” section of the Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. All forward-looking statements included in this document are based upon information available to URI on the date hereof; and URI assumes no obligations to update or revise any such forward-looking statements.


© Business Wire 2021
All news about UNITED RENTALS, INC.
11/17United Rentals Recognized for its Commitment to Hiring and Retaining Veterans
BU
11/16Citigroup Adjusts Price Target on United Rentals to $445 from $400, Keeps Buy Rating
MT
11/10UNITED RENTALS, INC. : Change in Directors or Principal Officers (form 8-K)
AQ
11/10United Rentals, Inc. Announces Board Changes
CI
11/01Morgan Stanley Adjusts Price Target on United Rentals to $297 from $275, Keeps Underwei..
MT
10/29Deutsche Bank Adjusts United Rentals' Price Target to $402 From $375, Maintains Hold Ra..
MT
10/29KeyBanc Adjusts Price Target on United Rentals to $455 from $405, Keeps Overweight Rati..
MT
10/28UBS Raises United Rentals' Price Target to $400 From $375, Maintains Buy Rating
MT
10/27United Rentals Announces Third Quarter 2021 Results and Raises Full-Year Guidance - For..
PU
10/27UNITED RENTALS, INC. : Results of Operations and Financial Condition, Regulation FD Disclo..
AQ
More news
Analyst Recommendations on UNITED RENTALS, INC.
More recommendations
Financials (USD)
Sales 2021 9 665 M - -
Net income 2021 1 351 M - -
Net Debt 2021 9 556 M - -
P/E ratio 2021 18,2x
Yield 2021 -
Capitalization 24 523 M 24 523 M -
EV / Sales 2021 3,53x
EV / Sales 2022 3,15x
Nbr of Employees 18 250
Free-Float 63,0%
Chart UNITED RENTALS, INC.
Duration : Period :
United Rentals, Inc. Technical Analysis Chart | URI | US9113631090 | MarketScreener
Technical analysis trends UNITED RENTALS, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 338,74 $
Average target price 401,59 $
Spread / Average Target 18,6%
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
Sector and Competitors
1st jan.Capi. (M$)
UNITED RENTALS, INC.46.07%25 846
ASHTEAD GROUP PLC78.30%36 270
AERCAP HOLDINGS N.V.26.68%13 753
WILLSCOT MOBILE MINI HOLDINGS CORP.68.84%8 730
HERC HOLDINGS INC.177.10%5 409
AIR LEASE CORPORATION-6.78%4 720