secwatch.observer — SEC 8-K summary
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Issuer:     UNITED RENTALS NORTH AMERICA INC (—)
CIK:        0001047166
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001104659-24-033017
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Rentals issues $1.1B 6.125% senior notes due 2034 tied to Yak acquisition
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- URNA issued $1.1B aggregate principal of 6.125% Senior Notes due March 15, 2034, interest payable semi-annually.
- Notes are senior unsecured obligations of URNA, guaranteed by URI and certain domestic subsidiaries.
- Special mandatory redemption at par if Yak Access acquisition not closed by June 3, 2024 or deal terminates.
- Optional redemption at make-whole prior to March 15, 2029; thereafter at premiums declining from 103.063%.
- Covenants include limits on liens and merger/asset sales; covenants may cease if notes become investment grade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047166/000110465924033017/0001104659-24-033017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047166/000110465924033017/tm248403d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-033017

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