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, Inc.    URI

UNITED RENTALS, INC. (URI)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

United Rentals : Announces Full Redemption of 6.125 Percent Senior Notes Due 2023

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/29/2017 | 02:30pm CET

STAMFORD, Conn., July 28 -- United Rentals, an equipment rental company, issued the following news release:

United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. ("URNA"), has given notice of its intention to redeem all of the outstanding $925 million principal amount of its 6.125% Senior Notes due 2023 (CUSIP Number 911365AX2) (the "2023 Notes") on August 27, 2017 (the "Redemption Date"). The 2023 Notes will be redeemed at a redemption price currently estimated to be 104.371% of the principal amount of the 2023 Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date.

URNA has instructed Wells Fargo Bank, National Association, as the trustee for the 2023 Notes, to distribute a Notice of Redemption to all registered holders of the 2023 Notes on July 28, 2017. Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the 2023 Notes may be obtained from Wells Fargo Bank, National Association by calling 1-800-344-5128.

URNA expects to use the net proceeds from its offering of 4.875% Senior Notes due 2028, which is expected to close August 11, 2017, and additional borrowings of $53 million under its senior secured asset-based revolving credit facility to redeem the 2023 Notes and to pay related expenses.

The redemption is subject to, and conditioned upon, (i) the completion by URNA of its offering of 4.875% Senior Notes due 2028 no later than the Redemption Date and (ii) sufficient funds being available to be drawn by URNA under its senior secured asset-based revolving credit facility at the time URNA is required to deposit the redemption price with the trustee for the 2023 Notes to fund the redemption, and such funds being disbursed when requested by URNA. The Redemption Date may be delayed until such time as the conditions precedent shall be satisfied. In the event that such conditions precedent have not been so satisfied by the Redemption Date, or by the Redemption Date as so delayed, the Notice of Redemption will be rescinded upon notice to the trustee and will be of no force or effect for any purpose.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Targeted News Service, source News Service

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on UNITED RENTALS, INC.
12/07 UNITED RENTALS : Announces Extension of Exchange Offer for URNA’s 4.875% S..
12/01 UNITED RENTALS INC /DE : Entry into a Material Definitive Agreement, Creation of..
11/18 UNITED RENTALS : AEG Names United Rentals Partner for Equipment, Service and Sup..
11/07 UNITED RENTALS INC /DE : Regulation FD Disclosure, Financial Statements and Exhi..
11/07 UNITED RENTALS : to Present at the Goldman Sachs Industrials Conference 2017
11/03 UNITED RENTALS : Technical Reports on Rental and Leasing Services Equities -- Av..
10/25 UNITED RENTALS INC /DE : Termination of a Material Definitive Agreement, Other E..
10/23 UNITED RENTALS, INC. : Earnings Review and Free Research Report: United Rentals’..
10/18 UNITED RENTALS INC /DE : Results of Operations and Financial Condition, Regulati..
10/18 UNITED RENTALS : tops Street 3Q forecasts
More news
News from SeekingAlpha
11/19 Tracking David Tepper's Appaloosa Management Portfolio - Q3 2017 Update
11/09 The Real Heroes Of The Market - Cramer's Mad Money (11/8/17)
10/24 DAILY INSIDER RATINGS ROUND UP 10/20 : Sky, tts, axdx, cnbka
10/19 United Rentals' (URI) CEO Michael Kneeland on Q3 2017 Results - Earnings Call..
10/19 United Rentals, Inc. 2017 Q3 - Results - Earnings Call Slides
Financials ($)
Sales 2017 6 587 M
EBIT 2017 1 730 M
Net income 2017 742 M
Debt 2017 8 863 M
Yield 2017 -
P/E ratio 2017 19,56
P/E ratio 2018 14,11
EV / Sales 2017 3,45x
EV / Sales 2018 2,94x
Capitalization 13 855 M
Chart UNITED RENTALS, INC.
Duration : Period :
United Rentals, Inc. Technical Analysis Chart | URI | US9113631090 | 4-Traders
Technical analysis trends UNITED RENTALS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 146 $
Spread / Average Target -11%
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 RENTALS, INC.53.80%13 855
CINTAS CORPORATION36.73%16 831
VANTIV INC22.21%13 267
ALLIANCE DATA SYSTEMS CORPORATION1.73%12 944
BUREAU VERITAS23.47%11 788
INTERTEK GROUP45.07%10 834