New Issue-United Rentals sells $750 mln in 10-yr snr nts

Oct 21 (BestGrowthStock) – United Rentals (North America) Inc
(URI.N: ) on Thursday sold $750 million of senior subordinated
notes, said IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $500 million.

Morgan Stanley, Bank of America Merrill Lynch and Wells
Fargo Securities were the joint bookrunning managers for the
sale.
BORROWER: UNITED RENTALS (NORTH AMERICA) INC
AMT $750 MLN COUPON 8.375 PCT MATURITY 9/15/2020
TYPE SR NTS ISS PRICE 100 FIRST PAY 3/15/2011
MOODY’S Caa1 YIELD 8.375 PCT SETTLEMENT 10/26/2010
S&P CCC-PLUS SPREAD 586 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YRS*
*MAKE-WHOLE CALL 50 BPS

New Issue-United Rentals sells $750 mln in 10-yr snr nts