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Prospect News home > News index > List of issuers Paydowns > Headlines for Altoona > News item
Published on 4/26/2019 in the Prospect News Bank Loan Daily.

United Rentals draw on revolver to fund part of note redemption

By Wendy Van Sickle

Columbus, Ohio, April 26 – United Rentals, Inc. said subsidiary United Rentals (North America), Inc. plans to use $133 million of borrowings under its senior secured asset-based revolving credit facility to fund part of a redemption of senior notes, according to a company news release.

On Friday, the company announced its intention to redeem all of its $850 million of 5¾% senior notes due 2024, with the majority of the redemption to be funded by a new issue of $750 million of 5¼% senior notes due 2030.

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


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