United Rentals, Inc.
United Rentals extends and increases receivables purchase agreement
Summary
On May 24, 2024, United Rentals, Inc. extended the expiration date of its Amended A/R Facility until June 24, 2025 and increased the purchase limit from $1.3 billion to $1.5 billion. The extension can be further prolonged by mutual agreement, and Regions Bank was added as a new Bank and Purchaser Agent. Advances under the Amended A/R Facility will continue to be reflected as debt on the company's balance sheets, while receivables in the collateral pool will be reflected as assets.
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About United Rentals, Inc.
United Rentals, Inc. is a prominent player in the equipment rental industry in North America, providing rental services to a diverse range of industries. The company specializes in offering a comprehensive selection of construction and industrial equipment for short-term and long-term use. With an extensive catalog that includes everything from earthmoving machinery to aerial work platforms, United Rentals serves sectors such as construction, manufacturing, utility, and government operations. By enabling companies to access the necessary tools and machinery without the burden of ownership, United Rentals supports operational flexibility and cost-efficiency. Their strategic network of branch locations ensures prompt service and equipment availability, making it a preferred partner for projects of varying scales. As an industry leader, United Rentals plays a critical role in facilitating large infrastructure projects and enabling businesses to respond quickly to changing project demands, underscoring its significance in the broader economic landscape where construction and manufacturing are pivotal.
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