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UNITED RENTALS INC /DE : Termination of a Material Definitive Agreement, Other Events (form 8-K)

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10/25/2017 | 10:37pm CEST
Item 1.02                      Termination of a Material Definitive Agreement.

Information set forth in Item 8.01 below, as to the satisfaction and discharge of the Indenture governing the Notes, is incorporated by reference into this Item 1.02.

Item 8.01                      Other Events.

Redemption of 7.625% Senior Notes due 2022 and Satisfaction and Discharge of the Indenture

Effective as of October 25, 2017 (the "Redemption Date"), URNA redeemed all of the outstanding $225 million principal amount of its 7.625% Senior Notes due 2022 (the "Notes") at a redemption price equal to 103.813% of the principal amount thereof plus accrued and unpaid interest thereon to the Redemption Date, in accordance with the terms of the Indenture dated as of March 9, 2012 (the "Base Indenture"), between URNA, formerly known as UR Merger Sub Corporation, which was successor-in-interest to UR Financing Escrow Corporation, and Wells Fargo Bank, National Association, as Trustee (the "Trustee"), as supplemented by the First Supplemental Indenture among URNA, United Rentals, Inc., and the subsidiaries named therein (the "Guarantors"), and the Trustee, dated as of April 30, 2012 (the "First Supplemental Indenture", together with the Base Indenture, the "Indenture"). URNA previously notified the holders of the Notes on September 25, 2017 that it had elected to redeem the Notes on the Redemption Date.

URNA has irrevocably deposited with the Trustee sufficient funds to fund the redemption of the Notes. As a result, URNA and the Guarantors under the Notes have been released from their respective obligations under the Notes and the Indenture pursuant to the satisfaction and discharge provisions thereunder, effective as of the Redemption Date.



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