United Rentals calls $63 million of 6½% QUIPs

By Laura Lutz

Des Moines, Aug. 31 - United Rentals, Inc. will redeem $63 million of its $222 million outstanding 6½% convertible Quarterly Income Preferred Securities (QUIPs) on Sept. 29.

The redemption price will be 101.3% plus accrued dividends up to but excluding Sept. 29.

The QUIPs were originally issued in August 1998.

The Bank of New York is the paying agent (800 254-2826).

United Rentals is a rental company based in Greenwich, Conn.

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