United Rentals buys back $24 million 7¾%, 7% notes in second quarter

By Angela McDaniels

Tacoma, Wash., July 20 - United Rentals, Inc. repurchased or redeemed $24 million of its notes during the quarter ended June 30 and $459 million of its notes during the first six months of the year, according to its 10-Q report for the second quarter filed with the Securities and Exchange Commission.

The company repurchased $16 million of its 7¾% senior subordinated notes due 2013 for $15 million and $8 million of its 7% senior subordinated notes due 2014 at par during the second quarter.

As previously reported, United Rentals redeemed $435 million of its 6½% senior notes due 2012 at par during the first quarter.

United Rentals is an equipment rental company based in Greenwich, Conn.

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