---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-024027"
form_type: "8-K"
ticker: null
cik: "0001047166"
company_name: "UNITED RENTALS NORTH AMERICA INC"
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T01:57:24.067570+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# United Rentals enters $1B term loan facility; refinances existing term loans with maturity extended to 2031

## Summary
- New $1B senior secured term loan facility; matures Feb 14, 2031.
- Quarterly amortization of 1% per annum; balance due at maturity.
- Interest at Term SOFR + 1.75% or base rate + 0.75%.
- Proceeds used to prepay existing term loans, pay fees, and repay other debt.
- No financial covenants; reaffirms guarantees and collateral pledges.

## SEC filing metadata
- accession: 0001104659-24-024027
- form_type: 8-K
- cik: 0001047166
- company_name: UNITED RENTALS NORTH AMERICA INC
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047166/000110465924024027/0001104659-24-024027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047166/000110465924024027/tm246202d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-024027
- JSON: https://secwatch.observer/filing/0001104659-24-024027.json
- Plain text: https://secwatch.observer/filing/0001104659-24-024027.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047166/000110465924024027/0001104659-24-024027-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047166/000110465924024027/0001104659-24-024027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.