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United Rentals Announces Redemption Of 107/8% Senior Notes Due 2016

Stocks in this article: URI

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 $500 million principal amount of 10 7/ 8% Senior Notes due 2016 (CUSIP Number 911365AV6) (the “Notes”) on November 29, 2012. The Notes will be redeemed at a redemption price currently estimated to be 110.969% of the principal amount of the Notes, plus accrued and unpaid interest to the redemption date.

The Bank of New York Mellon, as the trustee for the Notes (the “Trustee”), is distributing a Notice of Redemption to all registered holders of the Notes on October 30, 2012. Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from the Bank of New York Mellon Bondholder Relations by calling 1-800-254-2826.

URNA will use the proceeds from the issuance of its 6.125% Senior Notes due 2023 and additional borrowings of approximately $188 million under its asset-based revolving credit facility to redeem the Notes. URNA has deposited with the Trustee sufficient funds to pay the principal, premium (as currently calculated) and interest on the Notes. As a result, URNA and the guarantors under the Notes have been released from their respective obligations under the Notes and the related indenture pursuant to the satisfaction and discharge provisions thereunder.

This news release 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.

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of 848 rental locations in 48 states and 10 Canadian provinces. The company’s approximately 11,200 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers for rent approximately 3,400 classes of equipment with a total original cost of $7.40 billion. United Rentals is a member of the Standard & Poor’s MidCap 400 Index and the Russell 3000 Index® and is headquartered in Greenwich, Conn.

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