United Rentals to redeem 9¼% senior notes due 2019 via new offering

By Tali Rackner

Norfolk, Va., March 12 - United Rentals (North America), Inc. plans to redeem its $500 million of 9¼% senior notes due 2019 with the proceeds from an offering of senior notes due 2023 and cash on hand, according to a press release.

The notes will be redeemed at 110.393 plus accrued interest on April 14.

Bank of New York Mellon is the trustee.

The company is a Greenwich, Conn.-based equipment rental company. It is a subsidiary of United Rentals, Inc.

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