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UNITED RENTALS, INC. 8-K Report, Material Agreement (Dec 19, 2013)

Reports
Material Agreements·Financial Events·Exhibits & Filings
Filing Date
Filed December 19, 2013
Period End
December 19, 2013
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 December 19, 2013. Cited figures are marked; the original filing is the authoritative source.

United Rentals, Inc. (URI) has filed an 8-K report on December 19, 2013, detailing a significant amendment to its credit facilities.

The company and certain subsidiaries entered into an Incremental Assumption Agreement that increases their senior secured asset-based loan facility (ABL Facility) by $400 milliona. This brings the total availability under the ABL Facility to $2,300 million, subject to borrowing base limitations. The increased commitments are provided by increasing lenders and are governed by the existing terms and conditions of the Amended and Restated Credit Agreement.

This expansion of credit capacity is a positive development for investors, suggesting the company is strengthening its financial flexibility. The additional capital could be used to support ongoing operations, fund potential acquisitions, or invest in fleet expansion, all of which can contribute to future growth and profitability. The fact that the increase is under an existing, established credit agreement with major financial institutions indicates continued lender confidence in United Rentals' financial health and business prospects.

02—Key points

Key Highlights

  1. United Rentals, Inc. increased its senior secured asset-based loan facility (ABL Facility) by $400 million through an Incremental Assumption Agreement.
  2. The total availability under the ABL Facility now stands at $2,300 million, subject to borrowing base calculations.
  3. The expansion was facilitated by Bank of America, N.A., as agent, and other lenders party to the agreement.
  4. The new commitments are under the existing Amended and Restated Credit Agreement, maintaining uniform terms and conditions.
  5. The ABL Facility has a maturity date of October 13, 2016.
  6. This filing indicates a proactive approach by management to enhance liquidity and financial flexibility.

03—Questions

Frequently Asked Questions

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

    The primary purpose of this 8-K filing is to report the entry into an Incremental Assumption Agreement that increases United Rentals' available credit under its asset-based loan facility by $400 million.

  2. How does this credit facility increase impact United Rentals?

    This increase enhances United Rentals' financial flexibility, providing additional capital that can be used for operational needs, fleet expansion, strategic investments, or general corporate purposes, potentially supporting future growth and business activities.

  3. Are the terms of the new credit commitment different from the existing ones?

    No, the filing states that the ABL Commitment Increase is subject to the same terms and conditions as all other U.S. revolving credit commitments under the Amended and Restated Credit Agreement, meaning the terms have not been modified other than to add the increased commitment.

  4. What is the maturity date of the credit facility being amended?

    The ABL Facility, including the newly added commitment, matures on October 13, 2016.

04—Continue

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