US$2.5 Billion Asset-Based Loan Facility for United Rentals

Administrative Agent and Lender

Our attorneys represented the administrative agent and a lender, as joint lead arranger and joint bookrunner, in a $2.5 billion senior secured asset-based loan facility extended to United Rentals Inc. and certain of its US and Canadian subsidiaries. At United Rentals’ option, the facility size may be increased by up to an additional $1.25 billion (or a greater amount under certain circumstances). 

United Rentals, a publicly traded company (NYSE: URI), is the largest equipment rental company in the world, with over 850 rental locations in the United States and Canada, and thousands of classes of equipment for rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, government entities and other customers.

Proceeds of the facility will be used to finance United Rentals’ ongoing working capital needs (including purchases of equipment) and other general corporate purposes (including acquisitions and repayment or prepayment of outstanding debt).

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