United Rentals, Inc.'s UR Financing Escrow Corporation Announces Completed Offering Of $2,075 million Senior Unsecured Notes And $750 million Senior Secured Notes

United Rentals, Inc. announced that its subsidiary, UR Financing Escrow Corporation, has completed offerings of $1,325 million aggregate principal amount of its 7.625% senior unsecured notes due 2022, $750 million aggregate principal amount of its 7.375% senior unsecured notes due 2020 and $750 million aggregate principal amount of its 5.75% senior secured notes due 2018. Upon consummation of United Rentals’ merger transaction with RSC Holdings Inc., announced on December 16, 2011, the senior unsecured notes and the senior secured notes will be assumed by the company’s subsidiary UR Merger Sub Corporation. The senior secured notes will be secured on a second-priority basis by liens on the assets of UR Merger Sub and the guarantors that secure the obligations under the company’s existing senior secured asset-based revolving credit facility and any other first-lien debt, subject to certain limited exceptions. Following release of the proceeds of the offerings from escrow upon consummation of the merger, UR Merger Sub will use the net proceeds from the offerings to pay the cash consideration for the merger transaction, to repay certain indebtedness of RSC Holdings, including RSC Holdings’ senior secured asset-based revolving credit facility, 10% senior secured notes due 2017 and 9.5% senior notes due 2014, to repay borrowings under the company’s senior secured asset-based revolving credit facility, and to pay fees and expenses.