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)

09/29/2017 | 10:39pm

Item 1.01                      Entry into a Material Definitive Agreement.



On September 29, 2017, United Rentals, Inc. (the "Company") and certain of the Company's subsidiaries entered into a lender joinder agreement (the "Lender Joinder Agreement") with Bank of America, N.A., as agent, and the lenders party thereto (the "Increasing Lenders"), pursuant to which the Increasing Lenders agreed to provide additional U.S. revolving credit commitments of $500 million (the "ABL Commitment Increase") under the Second Amended and Restated Credit Agreement, dated as of March 31, 2015, as amended as of June 8, 2016 (the "Second Amended and Restated Credit Agreement"), among the Company, United Rentals (North America), Inc., United Rentals of Canada, Inc., United Rentals Financing Limited Partnership, certain other subsidiaries of the Company, Bank of America N.A.and the other financial institutions party thereto.

Pursuant to the ABL Commitment Increase, the aggregate amount available under the Second Amended and Restated Credit Agreement's senior secured asset-based loan facility (the "ABL Facility") was increased to $3,000 million (subject to availability under a borrowing base), a portion of which is available for borrowing in Canadian Dollars.

The ABL Commitment Increase is subject to the same terms and conditions as all other U.S. revolving credit commitments under the Second Amended and Restated Credit Agreement. The terms of the Lender Joinder Agreement do not modify the Second Amended and Restated Credit Agreement other than to provide the ABL Commitment Increase. The ABL Facility matures on June 8, 2021.



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                                     Lender Joinder Agreement, dated as of

September 29, 2017, among United Rentals, Inc., United Rentals (North America), Inc., United Rentals of Canada, Inc., United Rentals Financing Limited Partnership and certain other subsidiaries of United Rentals, Inc. and Bank of America, N.A., as agent and the lenders party thereto.

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