United Rentals Subsidiary Prices $2.5 Billion Senior Unsecured Notes Offering
United Rentals (URI) announced that its subsidiary, United Rentals (North America), has successfully priced a $2.5 billion senior unsecured notes offering. This transaction represents the company's first issuance of investment-grade debt, signaling increased confidence from credit markets regarding its financial stability. The offering is structured into three tranches: $700 million at 5.550% due in 2029, $800 million at 5.750% due in 2031, and $1 billion at 6.200% due in 2036. This capital raise provides the company with significant liquidity to support its ongoing operations and strategic growth.
Tickers: $URI
Topics: debt offering investment grade senior unsecured notes
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Part of the story Mid-America Apartment Communities Prices $350 Million Senior Unsecured Notes Offering (5 articles)