United Rentals launches $1.1 billion Senior Notes offering By Investing.com

© Reuters.

STAMFORD, Conn. – United Leases , Inc. (NYSE: NYSE:), the world’s largest tools rental firm, has introduced a non-public providing of $1.1 billion in Senior Notes due in 2034 by its subsidiary, United Leases (North America), Inc. (URNA). The providing goals to finance the acquisition of Yak Entry, LLC, and canopy associated charges and bills.

The Senior Notes shall be assured by United Leases, Inc. and chosen home subsidiaries of URNA. The estimated internet proceeds from this providing are projected to be round $1.090 billion, accounting for preliminary purchaser reductions, commissions, and estimated charges and bills. URNA plans to make use of these proceeds along side borrowings beneath its senior secured asset-based revolving credit score facility.

The providing will goal certified institutional consumers inside the US and sure worldwide buyers in compliance with Rule 144A and Regulation S beneath the Securities Act of 1933, as amended.

These Senior Notes haven’t been registered beneath the Securities Act or any state securities legal guidelines, therefore they can’t be supplied or offered in the US absent registration or an relevant exemption from registration necessities.

United Leases has clarified that this announcement doesn’t represent a suggestion to purchase, promote, or maintain securities and isn’t a suggestion to promote or a solicitation of a suggestion to purchase. The completion of the Notes providing isn’t assured and is topic to market situations and different components.

The corporate’s forward-looking statements concerning the acquisition and the providing are based mostly on present expectations and projections. Nonetheless, these are topic to vital dangers and uncertainties, and there could be no assurance that these plans shall be realized as anticipated. United Leases doesn’t undertake any obligation to replace any forward-looking assertion.

United Leases operates an intensive community of rental places throughout North America, Europe, Australia, and New Zealand, providing a variety of kit for numerous buyer wants. The knowledge on this article is predicated on a press launch assertion.

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