secwatch / observer
8-K filed March 11, 2024, 7:59 PM ET CIK 0001047166
debt confidence high sentiment neutral materiality 0.70

UNITED RENTALS NORTH AMERICA INC: debt financing — United Rentals issues $1.1B 6.125% senior notes due 2034 tied to Yak acquisition

UNITED RENTALS NORTH AMERICA INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

UNITED RENTALS NORTH AMERICA INC incurred senior notes of $1,100,000,000 aggregate principal amount with Truist Bank at 6.125% per year maturing March 15, 2034.

Instrument
senior notes
Principal
$1,100,000,000 aggregate principal amount
Counterparty
Truist Bank
Rate
6.125% per year
Maturity
March 15, 2034
Event
incurrence
Exact text from the filing
On March 11, 2024, United Rentals (North America), Inc. (“URNA”) completed an offering of $1,100,000,000 aggregate principal amount of its 6.125% Senior Notes due 2034 (the “Notes”)
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UNITED RENTALS NORTH AMERICA INC entered into Indenture with Truist Bank valued at $1,100,000,000 aggregate principal amount (effective 2024-03-11).

Action
entry
Agreement
notes offering
Counterparty
Truist Bank
Value
$1,100,000,000 aggregate principal amount
Effective
2024-03-11
Exact text from the filing
United Rentals (North America), Inc. (“URNA”) completed an offering of $1,100,000,000 aggregate principal amount of its 6.125% Senior Notes due 2034 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or outside the United States to certain persons in reliance on Regulation S under the Securities Act. The Notes were issued pursuant to an indenture, dated as of March 11, 2024 (the “Indenture”), among URNA, United Rentals, Inc. (“URI”), certain domestic subsidiaries of URNA (the “Subsidiary Guarantors” and, together with URI, the “Guarantors”), and Truist Bank, as trustee.
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Source: SEC EDGAR
accession 0001104659-24-033017
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