Key Developments: United Rentals Inc (URI)

URI on New York Consolidated

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5 May 2015
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Latest Key Developments (Source: Significant Developments)

United Rentals Inc lowers high end of prior FY 2015 outlook to a range in line with analysts' estimates
Tuesday, 21 Apr 2015 04:10pm EDT 

United Rentals Inc:Expects FY 2015 total revenue in a range of $6.0 to $6.1 bln (prior range of $6.0 to $6.2 bln).Expects FY 2015 adjusted EBITDA in a range of $2.95 to $3.05 bln (prior range $2.95 to $3.05 bln).FY 2015 revenue of $6.07 bln and EBITDA of $2.95 bln - Thomson Reuters I/B/E/S.  Full Article

United Rentals Inc announces execution of new asset-based loan facility
Tuesday, 31 Mar 2015 04:31pm EDT 

United Rentals Inc and United Rentals (North America) Inc:Enters into second amended and restated credit agreement which provides for senior secured asset based loan facility of $2,500 million.Says a portion of which is available for borrowing in Canadian Dollars.Says second amended and restated credit agreement also provides for an uncommitted incremental increase in ABL facility of up to $1,250 million or more, depending on the value of borrowing base assets in excess of the initial maximum amount of the facility.Says ABL facility replaces company's existing senior secured asset-based loan facility.  Full Article

United Rentals Inc gives FY 2015 guidance in line with analysts' estimates
Wednesday, 21 Jan 2015 04:10pm EST 

United Rentals Inc:Expects FY 2015 total revenue in a range of $6.0 billion to $6.2 billion.Expects FY 2015 adjusted EBITDA in a range of $2.95 billion to $3.05 billion.FY 2015 revenue of $6.1 billion and EBITDA of $2.98 billion - Thomson Reuters I/B/E/S.  Full Article

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 9ΒΌ 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 could rise 50 percent in two years: Barron's

NEW YORK - Shares in United Rentals Inc shares could jump 50 percent over the next two years because the current stock price doesn't reflect the company's true value, Barron's reported on Sunday, citing an analyst from Wells Fargo.

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