UNITED RENTALS NORTH AMERICA INC: debt financing — United Rentals enters $4.5B ABL credit facility maturing July 2030

UNITED RENTALS NORTH AMERICA INC

Fifth Amended and Restated Credit Agreement provides $4.5B senior secured ABL facility, maturing July 10, 2030.
Facility replaces prior ABL facility; borrowing base availability subject to $4.5B limit.
Interest margins: Term SOFR/SONIA/EURIBOR plus 1.000%–1.250%; base rate plus 0.000%–0.250%.
As of July 9, 2025, $2.049B drawn with $2.428B available for additional borrowings.
Covenants include springing fixed charge coverage ratio of 1.00x when availability falls below 10%.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

UNITED RENTALS NORTH AMERICA INC amended credit facility of $4,500 million with Bank of America N.A. maturing July 10, 2030.

Instrument: credit facility
Principal: $4,500 million
Counterparty: Bank of America N.A.
Maturity: July 10, 2030
Event: amendment

Exact text from the filing

provides for a senior secured asset-based loan facility (the “ABL Facility”) of $4,500 million

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Source: SEC EDGAR

accession 0001104659-25-067406

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