United Rentals to draw $211 million under facility for note redemption

By Tali Rackner

Norfolk, Va., July 20– United Rentals (North America), Inc. plans to use $211 million of borrowings under its senior secured asset-based revolving credit facility fund to redeem all $200 million of its 7 3/8% senior notes due 2020, according to a press release.

The borrowings will also be used to pay related expenses.

The notes will be redeemed at 103.688 plus accrued interest on Aug. 19.

United Rentals is a Stamford, Conn., equipment rental company.

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