United Rentals calls all $5 million 1.875% convertible senior notes

By Ashley Montgomery

Kansas City, Kan., Nov. 13 - United Rentals Inc. will redeem all $5 million of its 1.875% convertible senior subordinated notes due Oct. 30, 2023, the company said in a news release.

The notes will be redeemed on Dec. 13 at par plus accrued interest to the redemption date.

The notes may be converted until the close of business on Dec. 12 at a rate of 45.816 shares of common stock per $1,000 principal amount of notes. The conversion price will be paid in cash and stock.

The Bank of New York Mellon is the trustee.

United Rentals is a Greenwich, Conn.-based equipment rental company.

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