United Rentals to use revolver borrowings for senior note redemption

By Sarah Lizee

Olympia, Wash., Sept. 25 – United Rentals, Inc. said subsidiary United Rentals (North America), Inc. plans to use borrowings under its senior secured asset-based revolving credit facility to redeem its senior notes, according to a company release.

On Monday, the company announced its intention to redeem all of its $225 million of 7 5/8% senior notes due 2022.

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

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