The Investor
24 Nov 2025, 22:34
United Rentals launches $1.5 billion private senior notes offering
United Rentals, Inc. (NYSE: URI) announced that its subsidiary, United Rentals (North America), Inc., will issue $1.5 billion of senior notes due 2033 in a private offering.
The notes will be guaranteed on a senior unsecured basis by United Rentals and certain domestic subsidiaries. The company expects net proceeds of about $1.486 billion, which will be used to redeem URNA’s outstanding $500 million 5.5% senior notes due 2027 and for general corporate purposes, including reducing borrowings under its asset-based revolving credit facility.
The offering is being made only to qualified institutional buyers under Rule 144A and to certain non-U.S. investors under Regulation S. The notes will not be registered under U.S. securities laws.
United Rentals, Inc. (NYSE: URI) announced that its subsidiary, United Rentals (North America), Inc., will issue $1.5 billion of senior notes due 2033 in a private offering.
The notes will be guaranteed on a senior unsecured basis by United Rentals and certain domestic subsidiaries. The company expects net proceeds of about $1.486 billion, which will be used to redeem URNA’s outstanding $500 million 5.5% senior notes due 2027 and for general corporate purposes, including reducing borrowings under its asset-based revolving credit facility.
The offering is being made only to qualified institutional buyers under Rule 144A and to certain non-U.S. investors under Regulation S. The notes will not be registered under U.S. securities laws.