United Rentals to redeem all $500 million of 10 7/8% notes due 2016

By Tali David

Minneapolis, Oct. 31 - United Rentals Inc. said its subsidiary, United Rentals (North America), Inc., intends to redeem all $500 million of its 10 7/8% senior notes due 2016, according to a press release.

The notes will be redeemed at 110.969 plus accrued interest on Nov. 29.

The Bank of New York Mellon is the trustee.

United Rentals is a Greenwich, Conn.-based equipment rental company.

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