debt
confidence high
sentiment neutral
materiality 0.65
UNITED RENTALS NORTH AMERICA INC: debt financing — United Rentals issues $1.5B of 5.375% Senior Notes due 2033
UNITED RENTALS NORTH AMERICA INC
- URNA issued $1.5B aggregate principal amount of 5.375% Senior Notes due November 15, 2033.
- Notes priced at par; interest payable semi-annually starting May 15, 2026.
- URI and certain domestic subsidiaries guarantee the notes on a senior unsecured basis.
- URNA may redeem notes at 102.688% in 2028, stepping down to par in 2030 and thereafter.
- Change of control triggers repurchase offer at 101% of principal, plus accrued interest.