United Rentals to redeem $225 million 7 5/8% senior notes due 2022

By Sarah Lizee

Olympia, Wash., Sept. 25 – United Rentals, Inc. said subsidiary United Rentals (North America), Inc. gave notice of its intention to redeem all its $225 million of 7 5/8% senior notes due 2022, according to a press release.

The notes will be redeemed on Oct. 25 at a redemption price of 103.813% of par plus accrued interest up to but excluding the redemption date.

United Rentals expects to use borrowings under its senior asset-based revolving credit facility to redeem the notes, the release said.

Wells Fargo Bank NA is the trustee.

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

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