United Rentals Enters Material Definitive Agreement

TL;DR

United Rentals just signed a big deal, expect financial moves.

AI Summary

On May 24, 2024, United Rentals, Inc. entered into a material definitive agreement related to a direct financial obligation. The filing does not specify the exact nature of the agreement or the dollar amounts involved, but it indicates a significant financial commitment or arrangement for the company.

Why It Matters

This filing signals a new financial commitment or obligation for United Rentals, which could impact its financial structure and future investments.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting a significant financial event without providing full details, which warrants medium risk.

Key Players & Entities

• UNITED RENTALS, INC. (company) — Filer
• UNITED RENTALS NORTH AMERICA INC (company) — Related Company
• 20240524 (date) — Filing Date

FAQ

Key Financial Figures

• $1,300,000,000 — mended A/R Facility were increased from $1,300,000,000 to $1,500,000,000. Pursuant to the ter
• $1,500,000,000 — y were increased from $1,300,000,000 to $1,500,000,000. Pursuant to the terms of the Amended

Filing Documents

• tm2415469d1_8k.htm (8-K) — 39KB
• tm2415469d1_ex10-1.htm (EX-10.1) — 1110KB
• tm2415469d1_ex10-1s5img01.jpg (GRAPHIC) — 3KB
• tm2415469d1_ex10-1s5img02.jpg (GRAPHIC) — 2KB
• tm2415469d1_ex10-1s5img03.jpg (GRAPHIC) — 2KB
• 0001104659-24-065194.txt ( ) — 1582KB
• uri-20240524.xsd (EX-101.SCH) — 3KB
• uri-20240524_def.xml (EX-101.DEF) — 26KB
• uri-20240524_lab.xml (EX-101.LAB) — 35KB
• uri-20240524_pre.xml (EX-101.PRE) — 24KB
• tm2415469d1_8k_htm.xml (XML) — 6KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On May 24, 2024, United Rentals, Inc. (the "Company"), United Rentals (North America), Inc. ("URNA") and United Rentals Receivables LLC II (the "SPV") entered into the Assignment and Acceptance Agreement and Amendment No. 16 to Third Amended and Restated Receivables Purchase Agreement and Amendment No. 9 to Third Amended and Restated Purchase and Contribution Agreement (the "Amendment"), by and among URNA, as Originator, the SPV, as Seller, the Company, as Collection Agent, Liberty Street Funding LLC, as a Purchaser ("Liberty"), Gotham Funding Corporation, as a Purchaser ("Gotham") and GTA Funding LLC, as a Purchaser ("GTA", and together with Liberty and Gotham, the "Purchasers"), The Bank of Nova Scotia, as a Bank, as Administrative Agent and as the Purchaser Agent for Liberty ("Scotia Capital" and the "Administrative Agent"), PNC Bank, National Association, as a Bank and as the Purchaser Agent for itself ("PNC"), Truist Bank (successor by merger to SunTrust Bank), as a Bank and as the Purchaser Agent for itself ("Truist"), MUFG Bank, Ltd., as a Bank and as the Purchaser Agent for Gotham ("MUFG"), and The Toronto-Dominion Bank, as a Bank and as the Purchaser Agent for GTA ("TD" and, together with Scotia Capital, PNC, Truist and MUFG, the "Existing Banks" and the "Existing Purchaser Agents") and Regions Bank, as a new Bank and as a new Purchaser Agent ("Regions", and together with the Existing Banks and the Existing Purchaser Agents, respectively, the "Banks" and the "Purchaser Agents"), with respect to (i) the Third Amended and Restated Receivables Purchase Agreement, dated as of September 24, 2012 (as amended by various amendments between 2013 and 2023 and the Amendment, the "Receivables Purchase Agreement") and (ii) the Third Amended and Restated Purchase and Contribution Agreement, dated as of September 24, 2012 (as amended by various amendments between 2013 and 2022 and the Amendment, the "Contribution Ag

03. Creation of a Direct Financial Obligation or an

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in the first paragraph of Item 1.01 of this Report is incorporated by reference under this Item.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1 Assignment and Acceptance Agreement and Amendment No. 16 to Third Amended and Restated Receivables Purchase Agreement and Amendment No. 9 to Third Amended and Restated Purchase and Contribution Agreement, dated as of May 24, 2024, by and among United Rentals (North America), Inc., United Rentals Receivables LLC II, United Rentals, Inc., Liberty Street Funding LLC, Gotham Funding Corporation, GTA Funding LLC, The Bank of Nova Scotia, PNC Bank, National Association, Truist Bank, National Association, MUFG Bank, Ltd., The Toronto-Dominion Bank and Regions Bank. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 24, 2024 UNITED RENTALS, INC. By: /s/ Joli L. Gross Name: Joli L. Gross Title: Senior Vice President, Chief Legal and Sustainability Officer and Corporate Secretary UNITED RENTALS (NORTH AMERICA), INC. By: /s/ Joli L. Gross Name: Joli L. Gross Title: Senior Vice President, Chief Legal and Sustainability Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR