Key Developments: United Rentals Inc (URI.N)

URI.N on New York Stock Exchange

104.84USD
24 Dec 2014
Price Change (% chg)

$0.16 (+0.15%)
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Latest Key Developments (Source: Significant Developments)

United Rentals Inc gives FY 2017 guidance in line with analysts' estimates - Conference Call
Thursday, 4 Dec 2014 12:30pm EST 

United Rentals Inc:Sees FY 2017 revenue between $6.9 billion and $7.3 billion.Sees FY 2017 adjusted EBITDA between $3.6 billion and $3.9 billion.FY 2017 revenue of $7.2 billion and EBITDA of $3.7 billion - Thomson Reuters I/B/E/S.  Full Article

United Rentals Inc reaffirms FY 2014 guidance
Wednesday, 15 Oct 2014 04:18pm EDT 

United Rentals Inc:Reaffirms FY 2014 total revenue in a range of $5.55 billion to $5.65 billion.Reaffirms FY 2014 adjusted EBITDA in a range of $2.65 billion to $2.70 billion.FY 2014 revenue of $5.62 billion and EBITDA of $2.70 billion - Thomson Reuters I/B/E/S.  Full Article

United Rentals Inc raises low end of prior FY 2014 revenue guidance; raises FY 2014 EBITDA guidance
Wednesday, 16 Jul 2014 04:15pm EDT 

United Rentals Inc:Expects FY 2014 total revenue in a range of $5.55 billion to $5.65 billion (Prior Outlook $5.45 billion to $5.65 billion).Expects FY 2014 adjusted EBITDA in a range of $2.65 billion to $2.70 billion (Prior Outlook near the top of $2.55 billion to $2.65 billion range ).FY 2014 revenue of $5.56 billion and EBITDA of $2.67 billion - Thomson Reuters I/B/E/S.  Full Article

United Rentals acquires Blue-Stream Services
Tuesday, 6 May 2014 05:29pm EDT 

United Rentals Inc:Acquires Blue-Stream Services LLC.King & Spalding LLP served as legal advisor to United Rentals, and Perret Doise LLC served as legal advisor to Blue-Stream Services.  Full Article

United Rentals Inc reaffirms FY 2014 guidance
Wednesday, 16 Apr 2014 04:15pm EDT 

United Rentals Inc:Reaffirms FY 2014 total revenue in a range of $5.45 billion to $5.65 billion.Reaffirms FY 2014 adjusted EBITDA in a range of $2.55 billion to $2.65 billion.FY 2014 revenue of $5.49 billion and EBITDA of $2.60 billion - Thomson Reuters I/B/E/S.  Full Article

United Rentals Inc completes acquisition of National Pump
Tuesday, 1 Apr 2014 04:30pm EDT 

United Rentals Inc:Its previously announced acquisition of National Pump(1).Acquisition for combined asset purchase price of about $780 mln.  Full Article

United Rentals Inc announces pricing of $850 million of 5.75 pct. senior notes due 2024 and $525 million of 6.125 pct. senior notes due 2023
Wednesday, 12 Mar 2014 06:54pm EDT 

United Rentals Inc:Says that subsidiary, United Rentals (North America), Inc. (URNA), has priced its offerings of $850 million principal amount of 5.75 pct. senior notes due 2024 and $525 million principal amount of 6.125 pct. senior notes due 2023 in registered public offerings.2023 notes will be part of same series as the $400 million principal amount of 6.125 pct. senior notes issued by URNA in Oct. 2012 and are to be issued at a price of 105.25 pct. to yield 5.39 pct.Net proceeds from sale of the 2024 notes will be about $837 million.URNA intends to use portion of net proceeds from offering of the 2024 notes to finance in part cash portion of purchase price for acquisition of National Pump and to pay related costs and expenses.Remaining net proceeds will be applied to repayment of about $138 million of borrowings under asset-based revolving credit facility.URNA expects the 2024 notes offering to close on March 26.Net proceeds from sale of the 2023 notes will be about $546 million.URNA intends to use net proceeds from offering of the 2023 notes and cash on hand to redeem $500 million principal amount of 9¼ pct. senior notes due 2019, to pay a call premium thereon and to pay related expenses.URNA expects 2023 notes offering to close on March 26.Morgan Stanley, BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Barclays, Credit Suisse and Deutsche Bank Securities are joint book-running managers for offerings, with Morgan Stanley lead book-running manager.  Full Article

United Rentals announces offering of $850 mln of senior notes due 2024 and $525 mln of 6.125 pct senior notes due 2023
Wednesday, 12 Mar 2014 10:03am EDT 

United Rentals Inc:Says that its subsidiary, United Rentals (North America) Inc. (URNA), is offering $850 mln principal amount of senior notes due 2024 and $525 mln principal amount of its 6.125 pct senior notes due 2023 in registered public offerings.2023 notes will be part of the same series as the $400 mln principal amount of 6.125 pct Senior Notes issued by URNA in October 2012.Intends to use a portion of the net proceeds from its offering of the 2024 notes to finance in part the cash portion of the purchase 1375price for the acquisition of National Pump, a specialty pump and industrial equipment rental businesses, and to pay related costs and expenses.Remaining net proceeds will be applied to the repayment of about $138 mln of borrowings under its asset-based revolving credit facility.Intends to use the net proceeds from its offering of the 2023 notes and cash on hand to redeem $500 mln principal amount of its 9¼ pct Senior Notes due 2019, to pay a call premium thereon and to pay related expenses.Morgan Stanley, BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Barclays, Credit Suisse and Deutsche Bank Securities are the joint book-running managers for the offerings, with Morgan Stanley as lead book-running manager.  Full Article

United Rentals Inc reaffirms FY 2014 guidance - Conference Call
Tuesday, 11 Mar 2014 05:55pm EDT 

United Rentals Inc:Reaffirms FY 2014 guidance.FY 2014 revenue of $5.432 bln and EBITDA of $2.572 bln - Thomson Reuters I/B/E/S.  Full Article

United Rentals Inc to acquire National Pump; raises FY 2014 guidance
Sunday, 9 Mar 2014 06:25pm EDT 

United Rentals Inc:Enters into a definitive asset purchase agreement to acquire National Pump, a specialty pump rental company in North America.Under terms of agreement, United Rentals will also acquire GulfCo, a two branch general rental business also based in Texas.Combined purchase price for assets is about $780 million.Board of United Rentals and partners of National Pump unanimously approved proposed transaction.National Pump will become part of the United Rentals Specialty Division.United Rentals will acquire National Pump for a purchase price of $780 million comprised of $765 million in cash and $15 million in stock.Expects transaction to close early in second quarter of 2014.Expects fiscal 2014 revenue in the range of $5.45 billion to $5.65 billion.Expects fiscal 2014 adjusted EBITDA in the range of $2.55 billion to $2.65 billion.Fiscal 2014 revenue estimate $5.40 billion and EBITDA estimate $2.55 billion -Thomson Reuters I/B/E/S.  Full Article

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