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The Senior Notes will be guaranteed by United Rentals, Inc. and selected domestic subsidiaries of URNA. The estimated net proceeds from this offering are projected to be around $1.090 billion, accounting for initial purchaser discounts, commissions, and estimated fees and expenses. URNA plans to use these proceeds in conjunction with borrowings under its senior secured asset-based revolving credit facility.
The offering will target qualified institutional buyers within the United States and certain international investors in compliance with Rule 144A and Regulation S under the Securities Act of 1933, as amended.
These Senior Notes have not been registered under the Securities Act or any state securities laws, hence they cannot be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
United Rentals has clarified that this announcement does not constitute a recommendation to buy, sell, or hold securities and is not an offer to sell or a solicitation of an offer to buy. The completion of the Notes offering is not guaranteed and is subject to market conditions and other factors.
The company’s forward-looking statements regarding the acquisition and the offering are based on current expectations and projections. However, these are subject to significant risks and uncertainties, and there can be no assurance that these plans will be realized as anticipated. United Rentals does not undertake any obligation to update any forward-looking statement.
United Rentals operates an extensive network of rental locations across North America, Europe, Australia, and New Zealand, offering a wide range of equipment for various customer needs. The information in this article is based on a press release statement.
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