United Rentals Reports Material Agreement & New Obligation

TL;DR

**United Rentals just filed an 8-K for a new material agreement and financial obligation, but the details aren't in this snippet.**

AI Summary

On February 14, 2024, UNITED RENTALS, INC. (CIK: 0001067701) filed an 8-K report indicating the entry into a material definitive agreement and the creation of a direct financial obligation. The filing also noted the inclusion of financial statements and exhibits. Specific details regarding the nature or financial terms of the agreement or obligation are not provided in this excerpt.

Why It Matters

This filing signals a new significant commitment or financial arrangement for United Rentals, which could impact its future operations, financial health, or strategic direction. Without specific terms, the exact implications remain unknown.

Risk Assessment

Risk Level: medium — The filing indicates a new material definitive agreement and a direct financial obligation, the specific terms and potential impact of which are not disclosed in this excerpt, leading to unknown risks.

Key Players & Entities

• UNITED RENTALS, INC. (company) — registrant
• UNITED RENTALS NORTH AMERICA INC (company) — registrant subsidiary/affiliate
• February 14, 2024 (date) — filing date

FAQ

Key Financial Figures

• $0.01 — ge on which registered Common Stock, $0.01 par value URI NYSE Indicate by ch
• $1,000,000,000 — loan facility (the "Term Facility") of $1,000,000,000, which is a new class of incremental te

Filing Documents

• tm246202d1_8k.htm (8-K) — 40KB
• tm246202d1_ex10-1.htm (EX-10.1) — 1109KB
• 0001104659-24-024027.txt ( ) — 1610KB
• uri-20240214.xsd (EX-101.SCH) — 3KB
• uri-20240214_def.xml (EX-101.DEF) — 26KB
• uri-20240214_lab.xml (EX-101.LAB) — 35KB
• uri-20240214_pre.xml (EX-101.PRE) — 24KB
• tm246202d1_8k_htm.xml (XML) — 6KB

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement. Amended and Restated Credit Agreement On February 14, 2024, United Rentals, Inc. ("Holdings"), United Rentals (North America), Inc. (the "Company") and certain other subsidiaries of Holdings entered into an Amendment and Restatement Agreement (the "Amendment and Restatement Agreement"), which amended and restated (i) the Credit and Guaranty Agreement, dated as of October 31, 2018 (as amended and restated, the "Amended and Restated Credit Agreement") with Bank of America N.A. and the other financial institutions named therein and (ii) the Term Loan Security Agreement, dated as of October 31, 2018, among Holdings, the Company and such other subsidiaries of Holdings, as grantors, and Bank of America, N.A., as agent. The Amendment and Restatement Agreement provides for a senior secured term loan facility (the "Term Facility") of $1,000,000,000, which is a new class of incremental term loans made available to the Company to refinance the existing term loans outstanding immediately prior to the entry into the Amendment and Restatement Agreement, pay related fees and expenses and repay other indebtedness. Holdings and each existing and future direct or indirect U.S. subsidiary of Holdings (other than, among others, indirect U.S. subsidiaries held through foreign subsidiaries, special purpose vehicles used in connection with the existing securitization facility or any future securitization facility of Holdings and the Company and certain immaterial subsidiaries) (the "Guarantors") provide unconditional guarantees of the obligations of the Company. In addition, the obligations of the Company under the Term Facility and the guarantees of the Guarantors are secured by first priority security interests in substantially all of the tangible and intangible assets of the Company and the Guarantors, including pledges of all stock or other equity interests in direct subsidiaries owned by the Company and the Guarantors (but on

03 Creation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.

01 Financial

Item 9.01 Financial Exhibit No. Description 10.1 Amendment and Restatement Agreement, dated as of February 14, 2024, among United Rentals, Inc., United Rentals (North America), Inc. and certain other subsidiaries of United Rentals, Inc. and United Rentals (North America), Inc., Bank of America N.A., and the other financial institutions named therein.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 14, 2024 UNITED RENTALS, INC. By: /s/ Joli L. Gross Name: Joli L. Gross Title: Senior Vice President, General Counsel, Corporate Secretary and Chief Sustainability Officer UNITED RENTALS (NORTH AMERICA), INC. By: /s/ Joli L. Gross Name: Joli L. Gross Title: Senior Vice President, General Counsel and Corporate Secretary EXHIBIT INDEX Exhibit No. Description 10.1 Amendment and Restatement Agreement, dated as of February 14, 2024, among United Rentals, Inc., United Rentals (North America), Inc. and certain other subsidiaries of United Rentals, Inc. and United Rentals (North America), Inc., Bank of America N.A., and the other financial institutions named therein. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

View Full Filing

View this 8-K filing on SEC EDGAR