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Fundraise Mar 2014 Verified

United Rentals Issues Senior Notes to Finance National Pump Acquisition

Contemporaneous with the National Pump acquisition, United Rentals issued $525 million of 6 1/8% Senior Notes and $850 million of 5 3/4% Senior Notes. The proceeds were used to redeem outstanding 9 1/4% Senior Notes and partially finance the cash purchase price of National Pump.

“Contemporaneous with the National Pump acquisition, in March 2014, the company issued $525 million principal amount of 6 1/8 percent Senior Notes and $850 million principal amount of 5 3/4 percent Senior Notes.”

Entities

United Rentals, Inc. · Acquirer
Other Sentiment: Neutral

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