Business Wire·Oct 26, 2026, 6:35 PM ET

United Rentals Announces Pricing of Offering of $700,000,000 of 5.550% Senior Notes due 2029; $800,000,000 of 5.750% Senior Notes due 2031; $1,000,000,000 of 6.200% Senior Notes due 2036

United Rentals (North America), Inc. priced a registered public offering of $700 million in 5.550% Senior Notes due 2029, $800 million in 5.750% Senior Notes due 2031, & $1 billion in 6.200% Senior Notes due 2036.
This transaction marks URNA's inaugural investment-grade debt issuance.
The Notes rank equally with existing & future senior indebtedness, effectively junior to secured indebtedness, senior to subordinated indebtedness, & structurally subordinated to subsidiary liabilities.
URI guarantees URNA's obligations under the Notes on a senior unsecured basis.
Aggregate net proceeds are expected to be approximately $2.476 billion after underwriting discounts, commissions, & estimated fees.
Proceeds will be used to repay indebtedness under URNA's senior secured term loan credit facility & for general corporate purposes, including reducing borrowings under the asset-based revolving credit facility & accounts receivable securitization facility.
J.P. Morgan Securities LLC, BofA Securities Inc., Goldman Sachs & Co. LLC, & Wells Fargo Securities LLC serve as joint book-running managers.
United Rentals is the world's largest equipment rental company with 1,686 North American locations, 44 in Europe, 47 in Australia, & 18 in New Zealand.
The company operates in 49 U.S. states & every Canadian province, employs approximately 28,600 people, & maintains a fleet of equipment with a total original cost of $24.77 billion.