Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers U > Headlines for United Rentals, Inc. > News item |
United Rentals to call $925 million 6 1/8% notes due 2023 at 104.371
By Susanna Moon
Chicago, July 28 – United Rentals, Inc. said subsidiary United Rentals (North America), Inc. plans to redeem its $925 million principal amount of 6 1/8% senior notes due 2023.
The notes will be redeemed at a make-whole redemption price of 104.371% of par plus accrued interest to but excluding the redemption date.
United Rentals plans to price $925 million of senior notes due 2028 in a public offering, according to a company notice.
The company said it also plans to draw $53 million under its senior secured asset-based revolving credit facility to fund the redemption.
The issuer is a Stamford, Conn.-based equipment rental company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.