Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
UNITED RENTALS NORTH AMERICA INC incurred term loan of $1,000,000,000 with Bank of America N.A. and other financial institutions at Term SOFR rate plus a margin of 1.75% per annum maturing February 14, 2031.
- Instrument
- term loan
- Principal
- $1,000,000,000
- Counterparty
- Bank of America N.A. and other financial institutions
- Rate
- Term SOFR rate plus a margin of 1.75% per annum
- Maturity
- February 14, 2031
- Event
- incurrence
Exact text from the filing
of Holdings, as grantors, and Bank of America, N.A., as agent. The Amendment and Restatement Agreement provides for a senior secured term loan facility (the “Term Facility”) of $1,000,000,000, which is a new class of incremental term loans made available to the Company to refinance the existing term loans outstanding immediately prior to the entry into the Amendment and
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
UNITED RENTALS NORTH AMERICA INC amended Amended and Restated Credit Agreement with Bank of America N.A. and the other financial institutions named therein valued at $1,000,000,000 (effective 2024-02-14).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America N.A. and the other financial institutions named therein
- Value
- $1,000,000,000
- Effective
- 2024-02-14
Exact text from the filing
On February 14, 2024, United Rentals, Inc. (“Holdings”), United Rentals (North America), Inc. (the “Company”) and certain other subsidiaries of Holdings entered into an Amendment and Restatement Agreement (the “Amendment and Restatement Agreement”), which amended and restated (i) the Credit and Guaranty Agreement, dated as of October 31, 2018 (as amended and restated, the “Amended and Restated Credit Agreement”) with Bank of America N.A. and the other financial institutions named therein and (ii) the Term Loan Security Agreement
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