Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  United Rentals       

UNITED RENTALS
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

UNITED RENTALS INC /DE : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/01/2017 | 10:43pm CEST
Item 1.01                      Entry into a Material Definitive Agreement.



On December 1, 2017, United Rentals, Inc. (the "Company"), United Rentals (North America), Inc. ("URNA") and United Rentals Receivables LLC II (the "SPV") entered into Amendment No. 7 to Third Amended and Restated Receivables Purchase Agreement (the "Amendment"), by and among URNA, as Originator, the SPV, as Seller, the Company, as Collection Agent, Liberty Street Funding LLC ("Liberty"), Gotham Funding Corporation ("Gotham") and Fairway Finance Company, LLC ("Fairway"), as Purchasers, The Bank of Nova Scotia ("Scotia"), as Purchaser Agent for Liberty, as Administrative Agent and as a Bank, PNC Bank, National Association, as Purchaser Agent for itself and as a Bank, SunTrust Bank, as Purchaser Agent for itself and as a Bank, The Bank of Tokyo-Mitsubishi UFJ, Ltd. ("BTMU"), as Purchaser Agent for Gotham and as a Bank, Bank of Montreal ("BMO"), as Purchaser Agent for Fairway and as a Bank, and The Toronto-Dominion Bank ("TD"), as Purchaser Agent for itself and as a Bank, with respect to the Third Amended and Restated Receivables Purchase Agreement, dated as of September 24, 2012 (as amended by the Assignment and Acceptance Agreement and Amendment No. 1 to Third Amended and Restated Receivables Purchase Agreement, dated as of February 1, 2013, Amendment No. 2 to Third Amended and Restated Receivables Purchase Agreement and Amendment No. 1 to Third Amended and Restated Purchase and Contribution Agreement, dated as of September 17, 2013, Amendment No. 3 to Third Amended and Restated Receivables Purchase Agreement, dated as of September 18, 2014, Assignment and Acceptance Agreement, Amendment No. 4 to Third Amended and Restated Receivables Purchase Agreement and Amendment No. 2 to Third Amended and Restated Purchase and Contribution Agreement, dated as of September 1, 2015, Assignment and Acceptance Agreement and Amendment No. 5 to Third Amended and Restated Receivables Purchase Agreement and Amendment No. 3 to Third Amended and Restated Purchase and Contribution Agreement, dated as of August 30, 2016, Assignment and Acceptance Agreement and Amendment No. 6 to Third Amended and Restated Receivables Purchase Agreement and Amendment No. 4 to Third Amended and Restated Purchase and Contribution Agreement, dated as of August 29, 2017 and the Amendment, the "Receivables Purchase Agreement"). All capitalized terms not defined herein shall have the meanings assigned to them in the Amendment or the Receivables Purchase Agreement, as applicable.

Pursuant to the Amendment, the Purchase Limit for the facility and the aggregate commitments of the Banks under the facility were increased from $675,000,000 to $775,000,000.

The foregoing summary is qualified in its entirety by reference to the full text of the Amendment, as well as the Receivables Purchase Agreement, as amended. In connection with the Amendment, the Company confirmed its performance undertaking originally given in May 2005 in connection with the initial establishment of the securitization facility, as amended and restated in September 2012 in connection with an amendment and restatement of the securitization facility.


Item 2.03                      Creation of a Direct Financial Obligation or an

Obligation under an Off-Balance Sheet Arrangement of a Registrant.



Information set forth in Item 1.01 above is incorporated by reference into this
Item 2.03.


Item 9.01                      Financial Statements and Exhibits.



10.1                                     Amendment No. 7 to Third Amended and

Restated Receivables Purchase Agreement dated as of December 1, 2017, by and among United Rentals (North America), Inc., United Rentals Receivables LLC II, United Rentals, Inc., Liberty Street Funding LLC, Gotham Funding Corporation, Fairway Finance Company, LLC, The Bank of Nova Scotia, PNC Bank, National Association, SunTrust Bank, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Bank of Montreal and The Toronto-Dominion Bank.

                                       2

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on UNITED RENTALS
05/09UNITED RENTALS INC /DE : Submission of Matters to a Vote of Security Holders (fo..
AQ
05/07Active Managers Smile at the Robots -- WSJ
DJ
05/04UNITED RENTALS : MILITARY $46,579 Federal Contract Awarded to United Rentals
AQ
04/23UNITED RENTALS : Four Key Reasons for United Rentals Optimism, Flannery Says
AQ
04/20UNITED RENTALS : Powered Access Awards Honor United Rentals, Kaplan and Numerous..
AQ
04/19UNITED RENTALS : United Rentals, Inc. to Host Earnings Call
AC
04/19UNITED RENTALS : First Quarter Rental Revenue Leaps 25.1 Percent for United Rent..
AQ
04/18UNITED RENTALS : 1Q Earnings Snapshot
AQ
04/18UNITED RENTALS INC /DE : Results of Operations and Financial Condition, Regulati..
AQ
04/18UNITED RENTALS : DE Management's Discussion and Analysis of Financial Condition ..
AQ
More news
News from SeekingAlpha
01/23Notable earnings after Wednesday?s close 
01/12STOCK EXCHANGE : Will Sentiment Turn Bearish Soon? 
01/07SA INTERVIEW : Small-Cap Investing With William Garrison 
01/022017 Portfolio Performance Review - A Tale Of 2 Halves 
2017United Rentals Stock Is Positioned For Outperformance