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United Rentals


S-4/A
UNITED RENTALS NORTH AMERICA INC filed this Form S-4/A on 11/02/2017
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Table of Contents

 


The New Notes

        The New Notes will have terms that are substantially identical to those of the Old Notes, other than the issue date and the mandatory redemption provisions applicable to the Old Notes relating to the Neff Acquisition. The mandatory redemption provisions of the Old Notes ceased to apply when the Neff Acquisition closed on October 2, 2017. The New Notes will be issued as additional senior debt securities under the August 2017 Indenture and will have identical terms, be fungible with and be part of a single series of senior debt securities with $925,000,000 principal amount of the August 2017 Notes. You should carefully review the "Description of the New Notes" section of this prospectus, which contains a more detailed description of the terms and conditions of the New Notes.

Issuer

  United Rentals (North America), Inc.

New Notes Offered

 

$750,000,000 million aggregate principal amount of 4.875% Senior Notes due 2028.

Maturity

 

January 15, 2028.

Interest

 

4.875% per annum, payable semi-annually in cash in arrears on January 15 and July 15 of each year and accrues from August 11, 2017 or the most recent payment date.

Ranking

 

The New Notes will be senior unsecured obligations of URNA and will rank equally in right of payment with all of URNA's existing and future senior indebtedness, effectively junior to any of URNA's existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and senior in right of payment to any of URNA's existing and future subordinated indebtedness.

 

As of September 30, 2017, on an as adjusted basis, after giving effect to the issuance of the New Notes and related guarantees, the New Notes would have ranked:

 

equally in right of payment with approximately $5.6 billion principal amount of URNA's other senior unsecured obligations, comprised of:

 

$225 million principal amount of 75/8% Senior Notes due 2022,

 

$850 million principal amount of 53/4% Senior Notes due 2024,

 

$750 million principal amount of 45/8% Senior Notes due 2025,

 

$800 million principal amount of 51/2% Senior Notes due 2025,

 

$1.0 billion principal amount of 57/8% Senior Notes due 2026,

 

$1.0 billion principal amount of 51/2% Senior Notes due 2027; and

 

$925 million principal amount of the August 2017 Notes;

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