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United Rentals Issues $300 Million of Senior Secured Notes

13 August 1999

United Rentals Issues $300 Million of Senior Secured Notes

    GREENWICH, Conn.,--Aug. 12, 1999--United Rentals today announced that it issued $300 million of seven-year Senior Secured Term Loan C Notes to a group of financial institutions led by Bank of America N.A. and Goldman Sachs Credit Partners L.P. These notes are in addition to $150 million of Term Loan C Notes issued and announced in July.
    The net proceeds from the issuance of these notes will be used to repay outstanding indebtedness under the Company's revolving credit facility.
    United Rentals is the largest equipment rental company in North America, serving over one million customers through an integrated network of 637 locations in 43 states, six Canadian provinces and Mexico. Additional information about United Rentals is available at the Company's website at www.unitedrentals.com.