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United States

United Rentals Inc (URI.N)

URI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

United Rentals to buy Neff Corporation for about $1.3 bln
Wednesday, 16 Aug 2017 10:46pm EDT 

Aug 16 (Reuters) - United Rentals Inc - :United Rentals to acquire Neff Corporation.Deal for approximately $1.3 billion.Entered into a definitive agreement under which United Rentals will acquire Neff for $25 per share in cash.United Rentals Inc - for full year 2017, Neff is expected to generate $207 million of adjusted ebitda at a 49.5 percent margin on $419 million of total revenue.Boards of directors of United Rentals and Neff unanimously approved agreement.Transaction is expected to be immediately accretive to cash eps and free cash flow.United Rentals - immediately prior to entering agreement with United Rentals, Neff terminated its previous agreement with H&E equipment services, Inc.United Rentals - in connection with this termination, united rentals has paid H&E a termination fee of approximately $13.2 million on behalf of Neff..Transaction is not conditioned on financing.United Rentals - Co to use combination of cash, existing capacity under its ABL facility, and newly issued debt to fund deal and related expenses..  Full Article

United Rentals announces redemption of 7.375% senior notes due 2020
Wednesday, 20 Jul 2016 09:17pm EDT 

United Rentals Inc : United rentals inc says notes will be redeemed at a redemption price equal to 103.688% of principal amount of notes . Expects to use borrowings of $211 million under senior secured asset-based revolving credit facility to redeem notes,pay related expenses . Its unit to redeem all of outstanding $200 million principal amount of its 7.375% senior notes due 2020 on august 19, 2016 .United rentals announces redemption of 7.375% senior notes due 2020.  Full Article

United Rentals Q2 adj earnings per share $2.06
Wednesday, 20 Jul 2016 04:10pm EDT 

United Rentals Inc : FY2016 earnings per share view $7.66, revenue view $5.67 billion -- Thomson Reuters I/B/E/S . United rentals announces second quarter 2016 results . Q2 adjusted earnings per share $2.06 . Q2 gaap earnings per share $1.52 . Q2 revenue $1.421 billion versus I/B/E/S view $1.4 billion . Q2 earnings per share view $1.82 -- Thomson Reuters I/B/E/S .Reaffirms 2016 financial outlook.  Full Article

United Rentals announces redemption of 7.375% senior notes due 2020
Wednesday, 20 Jul 2016 03:00pm EDT 

United Rentals Inc : United rentals inc says notes will be redeemed at a redemption price equal to 103.688% of principal amount of notes . Expects to use borrowings of $211 million under senior secured asset-based revolving credit facility to redeem notes,pay related expenses . Its unit to redeem all of outstanding $200 million principal amount of its 7.375% senior notes due 2020 on august 19, 2016 .United rentals announces redemption of 7.375% senior notes due 2020.  Full Article

United Rentals says enters amendments to asset-based loan facility
Wednesday, 8 Jun 2016 05:13pm EDT 

United Rentals Inc :Effective as of June 8, Co, units entered amendment to ABL facility governed by 2nd amended credit agreement, dated as of March 31, 2015.  Full Article

United Rentals Inc announces proposed offering of $750 million of senior notes due 2026
Friday, 29 Apr 2016 09:17am EDT 

United Rentals Inc:Says its subsidiary, United Rentals (North America), Inc is offering $750 million principal amount of senior notes due 2026 in a registered public offering.Net proceeds from the sale of the Notes are expected to be approximately $739 million.  Full Article

United Rentals Inc gives FY 2016 guidance
Wednesday, 27 Jan 2016 04:15pm EST 

United Rentals Inc:Sees FY 2016 Total revenue $5.65 billion to $5.95 billion.Sees FY 2016 Adjusted EBITDA $2.7 billion to $2.9 billion.  Full Article

United Rentals Inc reaffirms FY 2015 guidance
Wednesday, 21 Oct 2015 04:15pm EDT 

United Rentals Inc:Expects FY 2015 total revenue in a range of $5.8 to $5.9 bln.Expects FY 2015 adjusted EBITDA in a range of $2.80 to $2.85 bln.FY 2015 revenue of $5.85 bln and EBITDA of $2.86 bln - Thomson Reuters I/B/E/S.  Full Article

BRIEF-United Rentals announces pricing of offering of $750 million of senior notes due 2025

* United Rentals announces pricing of offering of $750 million of senior notes due 2025 and $750 million of senior notes due 2028