Key Developments: United Rentals Inc (URI)
55.14USD
24 May 2013
$-0.92 (-1.64%)
$56.06
$55.68
$56.10
$54.58
685,315
2,118,697
$59.74
$26.88
Latest Key Developments (Source: Significant Developments)
United Rentals Inc Reaffirms FY 2013 EBITDA Guidance
United Rentals Inc reaffirmed its outlook for fiscal 2013 and expects adjusted EBITDA in a range of $2.25 billion to $2.35 billion. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $5.2 million and EBITDA of $2.32 for fiscal 2013. Full Article
United Rentals Inc Issues FY 2013 Guidance; Revenue Guidance Below Analysts' Estimates
United Rentals Inc announced that for fiscal 2013, it expects total revenue in a range of $4.9 billion to $5.1 billion, Adjusted EBITDA in a range of $2.25 billion to $2.35 billion. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $5.2 million and EBITDA of $2.33 for fiscal 2013. Full Article
United Rentals Inc Reaffirms FY 2012 Guidance
United Rentals Inc announced that for fiscal 2012, it expects total revenue in a range of $4.6 billion to $4.7 billion and adjusted EBITDA in a range of $1.95 billion to $2.0 billion. Full Article
United Rentals Inc Reaffirms FY 2012 Guidance-Conference Call
United Rentals, Inc. announced that for fiscal 2012, it expects pro-forma total revenue in a range of $4.6 billion to $4.7 billion. The Company expects fiscal 2012 pro-forma adjusted EBITDA in a range of $1.95 billion to $2.0 billion. Full Article
United Rentals, Inc. Issues FY 2012 Guidance Above Analysts' Estimates
United Rentals, Inc. announced that for fiscal 2012, it expects pro-forma total revenue in a range of $4.6 billion to $4.7 billion, compared to 2011 pro-forma total revenue of $4.133 billion. The Company expects fiscal 2012 pro-forma adjusted EBITDA in a range of $1.95 billion to $2.0 billion, compared to 2011 pro-forma adjusted EBITDA of $1.49 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.3 billion and EBITDA of $1.78 billion for fiscal 2012. Full Article
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. Full Article
United Rentals, Inc.'s Subsidiary Announces Pricing 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 priced 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. Net proceeds from the sale of the notes, after fees and expenses, are expected to be $2,729 million. 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 United Rentals Merger Sub Corporation. The Company expects the offerings to close on March 9, 2012, subject to customary closing conditions. The gross proceeds from the notes offerings will be placed into escrow pending the consummation of the merger transaction with RSC Holdings. Following release of the proceeds of the offerings from escrow, the Company intends to use the net proceeds from the offerings to pay the cash consideration to be paid in 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 9-1/2% senior notes due 2014, to repay borrowings under United Rentals’ senior secured asset-based revolving credit facility, and to pay related fees and expenses. Full Article
United Rentals, Inc.'s UR Financing Escrow Corporation Announces Offering Of $1,550 Million Senior Unsecured Notes And $650 Million Senior Secured Notes
United Rentals, Inc. announced that its subsidiary, UR Financing Escrow Corporation (UR Financing) is offering $1,550 million aggregate principal amount of senior unsecured notes and $650 million aggregate principal amount of senior secured notes, in each case to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (Securities Act) and outside the United States in accordance with Regulation S under the Securities Act. The gross proceeds from the notes offerings will be placed into escrow pending the consummation of the merger transaction with RSC Holdings Inc. (RSC) announced on December 16, 2011. Following release of the proceeds of the offerings from escrow, the company intends to use the net proceeds from the offerings to pay the cash consideration to be paid in the merger transaction, to refinance RSC`s existing senior secured indebtedness and to pay related fees and expenses. Full Article
United Rentals, Inc. Acquires Coble Trench Safety
United Rentals, Inc. announced that it has acquired the assets of Coble Trench Safety, a company in specialty rentals, with 11 locations in the Mid-Atlantic and Southeast region. Terms of acquisition were not disclosed. Full Article
United Rentals, Inc. To Acquire RSC Holdings Inc
United Rentals, Inc. and RSC Holdings, Inc. announced that they have entered into a definitive merger agreement under which United Rentals will acquire RSC in a cash-and-stock transaction valued at $18.00 per share, or a total enterprise value of $4.2 billion, including $2.3 billion of net debt. The Boards of Directors of both companies have unanimously approved the proposed transaction and recommended that their respective stockholders approve the proposed transaction. Upon the close of the transaction, three of RSC’s independent Directors will receive seats on United Rentals’ existing Board of Directors. Michael Kneeland, President and Chief Executive Officer of United Rentals, and Jenne Britell, United Rentals’ Chairman, will remain in their positions at the combined company. Full Article
BRIEF-United Rentals shares down 3.3 pct after the bell following results
NEW YORK, April 16 - United Rentals Inc : * Shares down 3.3 percent after the bell following the release of its results
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