Skip to content
AnalystLens

UNITED RENTALS, INC. 8-K Report, Material Agreement (Mar 8, 2012)

Reports
Material Agreements·Financial Events·Exhibits & Filings
Filing Date
Filed March 8, 2012
Period End
March 5, 2012
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 March 8, 2012. Cited figures are marked; the original filing is the authoritative source.

United Rentals, Inc. (URI) filed an 8-K report on March 7, 2012, detailing a material amendment to its credit facility.

The company, along with certain subsidiaries, entered into an Incremental Assumption Agreement that increases the U.S. revolving credit commitment under its Amended and Restated Credit Agreement by $100 milliona, bringing the total senior secured asset-based loan (ABL) facility to $1.9 billion. This increase provides the company with greater financial flexibility and borrowing capacity. The report also confirms that as of the agreement's effectiveness, approximately $907 million was drawn under the ABL facility, leaving approximately $993 million available for future borrowings, subject to borrowing base limitations.

The ABL Facility matures on October 13, 2016. Additionally, the filing mentions the ongoing proposed merger with RSC Holdings, Inc., noting that participants in proxy solicitations may be deemed to have an interest in the transaction.

02—Key points

Key Highlights

  1. United Rentals increased its U.S. revolving credit commitment by $100 million.
  2. The total senior secured asset-based loan (ABL) facility now stands at $1.9 billion.
  3. The ABL Facility has a maturity date of October 13, 2016.
  4. As of the agreement date, approximately $993 million was available for additional borrowings under the ABL facility (subject to borrowing base).
  5. The increase in credit commitment provides enhanced financial flexibility for the company.
  6. The filing incorporates by reference the details of the Incremental Assumption Agreement as a material definitive agreement.
  7. The report also touches upon the proposed merger with RSC Holdings, Inc.

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. has entered into an agreement to increase its senior secured asset-based loan (ABL) facility by $100 million, thereby enhancing its borrowing capacity and financial flexibility.

  2. What is the total size of the ABL Facility after this increase?

    After the $100 million increase, the aggregate amount available under the Amended and Restated Credit Agreement's senior secured asset-based loan facility is $1.9 billion, subject to borrowing base limitations.

  3. How much of the ABL Facility is currently undrawn?

    As of the effectiveness of the ABL Commitment Increase, approximately $993 million was available for additional borrowings under the ABL Facility, subject to borrowing base limitations and outstanding letters of credit.

  4. When does the ABL Facility mature?

    The ABL Facility matures on October 13, 2016.

04—Continue

← View all 8-K filings