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United Rentals to redeem $800 million 5½% senior notes due 2025
By Taylor Fox
Chicago, July 29 – United Rentals, Inc. said its United Rentals (North America), Inc. subsidiary plans to redeem all of its outstanding $800 million principal amount of 5½% senior notes due 2025 (Cusip: 911365) on Aug. 28, according to a news release.
The notes will be redeemed at a price of 102.75 plus interest.
Well Fargo Bank, NA is trustee.
The issuer plans to use borrowings under its senior secured asset-based revolving credit facility to redeem the notes and to pay related expenses.
United Rentals (North America) is a subsidiary of United Rentals, Inc., a Stamford, Conn.-based equipment rental company.
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