United Rentals plans to draw down on revolver to fund note redemption

By Taylor Fox

Chicago, July 29 – United Rentals, Inc. subsidiary United Rentals (North America), Inc. plans to draw down on its senior secured asset-based revolving credit facility to fund the redemption of all of its outstanding $800 million of 5½% senior notes due 2025 (Cusip: 911365) on Aug. 28, according to a news release.

United Rentals (North America) is a subsidiary of United Rentals, Inc., 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.