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 newsSector newsTweets

United Rentals : Announces Extension of Exchange Offer for URNA’s 4.875% Senior Notes due 2028

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 12:23am CET

United Rentals, Inc. (NYSE:URI) (“URI” or the “Company”) today announced that its subsidiary, United Rentals (North America), Inc. has extended the expiration date of its offer to exchange (the “Exchange Offer”) up to $750 million aggregate principal amount of its outstanding 4.875% Senior Notes due 2028 issued in a registered offering on September 22, 2017 (the “Old Notes”) for an equivalent amount of its new 4.875% Senior Notes due 2028 (the “New Notes”) registered under the Securities Act of 1933, as amended. As a result of the extension, the Exchange Offer is now scheduled to expire at 5:00 p.m., New York City time, on December 15, 2017 unless further extended.

The Exchange Offer was scheduled to expire on December 6, 2017 at 5:00 p.m., New York City time. As of 5:00 p.m. on December 6, 2017, $745,393,000 in aggregate principal amount, or 99.386% of the Old Notes had been validly tendered and not withdrawn. Except for the extension of the expiration date, all of the other terms of the Exchange Offer remain as set forth in the Exchange Offer prospectus, dated November 6, 2017, filed with the U.S. Securities and Exchange Commission (“SEC”).

Copies of the prospectus and the other Exchange Offer materials may be obtained from Wells Fargo Bank, National Association, the exchange agent for the offer. Please contact the exchange agent with any questions regarding the Exchange Offer at 600 Fourth Street South, 7th Floor, Minneapolis, MN 55402, Attn: Corporate Trust Operations, or by phone at: (800) 344-5128.

No Offer or Solicitation

This press release is for informational purposes only and is neither an offer to buy nor a solicitation to of an offer to sell any Old Notes or New Notes. The Exchange Offer is being made only pursuant to the Exchange Offer prospectus, which is being distributed to holders of the Old Notes and has been filed with the SEC as part of the Company’s registration statement on Form S-4 (File No. 333-221007), which was declared effective on November 6, 2017.

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world. Following the acquisition of Neff Corporation, the company has an integrated network of 1,019 rental locations in 49 states and every Canadian province. The company’s approximately 15,000 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers approximately 3,300 classes of equipment for rent with a total original cost of $11.6 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.

Important Notice Regarding Forward-Looking Statements

This press release contains certain forward-looking statements. Statements that are not historical facts, including statements about our perspectives and expectations, are forward-looking statements. The words "expect," "believe," "estimate," "intend," "plan" and similar expressions, when related to the Company and its subsidiaries, indicate forward-looking statements. These statements reflect the current view of management and are subject to various risks and uncertainties. These statements are based on various assumptions and factors, including general economic, market, industry and operational factors. Any changes to these assumptions or factors may lead to practical results different from current expectations. Excessive reliance should not be placed on those statements. Forward-looking statements relate only to the date they were made, and the Company and its subsidiaries undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on UNITED RENTALS
02/21UNITED RENTALS : to Present at the Citi 2018 Industrials Conference
PU
02/14UNITED RENTALS : to Present at the Citi 2018 Industrials Conference
BU
01/30UNITED RENTALS : Free Research Report as United Rentals’ Revenue Surged 26%; Adj..
AC
01/29UNITED RENTALS : Infrastructure, Energy, Specialty Expected Strong in 2018, Knee..
AQ
01/24UNITED RENTALS : Reports Profit Boost Due to U.S. Tax Reform
DJ
01/24UNITED RENTALS INC /DE : Results of Operations and Financial Condition, Regulati..
AQ
01/24UNITED RENTALS : DE Management's Discussion and Analysis of Financial Condition ..
AQ
01/24UNITED RENTALS : Announces Fourth Quarter and Full Year 2017 Results Provides 20..
PU
01/24UNITED RENTALS : meets 4Q profit forecasts
AQ
01/24UNITED RENTALS : Announces Fourth Quarter and Full Year 2017 Results
BU
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 
Financials ($)
Sales 2018 7 579 M
EBIT 2018 2 047 M
Net income 2018 1 189 M
Debt 2018 8 155 M
Yield 2018 -
P/E ratio 2018 12,41
P/E ratio 2019 10,92
EV / Sales 2018 2,99x
EV / Sales 2019 2,66x
Capitalization 14 538 M
Chart UNITED RENTALS
Duration : Period :
United Rentals Technical Analysis Chart | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 179 $
Spread / Average Target 4,3%
EPS Revisions
Managers
NameTitle
Michael J. Kneeland President, Chief Executive Officer & Director
Jenne K. Britell Non-Executive Chairman
Matthew John Flannery Chief Operating Officer & Executive Vice President
William B. Plummer Chief Financial Officer & Executive Vice President
Dale A. Asplund Chief Information Officer & SVP-Business Services
Sector and Competitors
1st jan.Capitalization (M$)
UNITED RENTALS6.84%14 538
WORLDPAY INC7.04%23 584
CINTAS CORPORATION6.94%17 820
UNITED RENTALS0.20%14 538
ALLIANCE DATA SYSTEMS CORPORATION-3.52%13 237
BUREAU VERITAS-3.38%11 920