Skip to content
AnalystLens

UNITED RENTALS, INC. 8-K Report, Corporate Update (Jun 3, 2009)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed June 3, 2009
Period End
June 2, 2009
Security
URI
In the record · 2016–202610-K1110-Q328-K170

URI filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 170 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Oct ’17Oct ’17
  2. Leadership change8-K · May ’19May ’19
  3. Material agreement8-K · Aug ’21Aug ’21
  4. Material agreement8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed June 3, 2009. Cited figures are marked; the original filing is the authoritative source.

United Rentals, Inc. (URI) announced on June 2, 2009, through its subsidiary United Rentals (North America), Inc., the pricing of a $500 milliona offering of 10.875% senior notes due 2016.

These notes are being offered to qualified institutional buyers and to investors outside the United States, in accordance with specific securities regulations (Rule 144A and Regulation S). This debt issuance indicates the company's strategy to raise capital, likely for operational needs or refinancing existing debt, amidst the prevailing economic conditions. Investors should note that the offering is a private placement and the notes have not been registered under the Securities Act.

This means they are restricted securities. The high coupon rate of 10.875%b suggests that the company may be facing higher borrowing costs or that the market perceives a certain level of risk associated with these notes. Further details regarding the use of proceeds and the company's financial health would be important for a comprehensive assessment.

02—Key points

Key Highlights

  1. United Rentals (North America), Inc., a subsidiary of URI, priced a $500 million senior notes offering.
  2. The senior notes have a coupon rate of 10.875% and mature in 2016.
  3. The offering is being made to qualified institutional buyers under Rule 144A.
  4. The offering is also being made outside the United States under Regulation S.
  5. The notes are being offered via a private placement memorandum.
  6. The notes have not been registered under the Securities Act of 1933, implying they are restricted securities.

03—Questions

Frequently Asked Questions

  1. What is the main purpose of this 8-K filing?

    The main purpose of this 8-K filing is to announce that United Rentals, Inc.'s subsidiary, United Rentals (North America), Inc., has priced an offering of $500 million in senior notes due 2016.

  2. What are the terms of the senior notes being offered?

    The senior notes have an aggregate principal amount of $500 million, carry a coupon rate of 10.875%, and mature in 2016.

  3. Who is eligible to purchase these senior notes?

    The notes are being sold to qualified institutional buyers in the U.S. in accordance with Rule 144A, and to investors outside the United States in accordance with Regulation S. This means it's not a public offering.

  4. Are these notes publicly traded or registered securities?

    No, these notes have not been registered under the Securities Act of 1933 or any other jurisdiction's securities laws. They are being offered privately and may not be sold in the U.S. without registration or an applicable exemption, indicating they are restricted securities.

04—Continue

← View all 8-K filings