New Issue-United Rentals sells $500 mln notes

Tue Nov 10, 2009 5:39pm EST 

  Nov 10 (Reuters) - United Rentals Inc (URI.N) (URI.N) on
Tuesday sold $500 million of senior notes, said IFR, a Thomson
Reuters service.
  The size of the deal was increased from an originally
planned $400 million.
  Wells Fargo, Bank of America and Morgan Stanley were the
joint bookrunning managers for the sale.
BORROWER: UNITED RENTALS INC
AMT $500 MLN      COUPON 9.25 PCT     MATURITY 12/15/2019
TYPE SR NTS       ISS PRICE 98.382    FIRST PAY 6/15/2010
MOODY'S B3        YIELD 9.50 PCT      SETTLEMENT 11/17/2009
S&P SINGLE-B      SPREAD 601 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YRS*
*MAKE-WHOLE CALL 50 BPS
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