United Rentals, Inc. Terminates Merger Agreement with H&E Equipment Services, Inc.

Details

(URI) agreed to terminate its Merger Agreement with H&E Equipment Services, Inc., resulting in the withdrawal of URI's cash tender offer to purchase all issued and outstanding shares of H&E. As part of the termination, H&E will pay URI a $63,523,892 termination fee. Concurrently, the bridge facility commitment letter entered into with several financial institutions in connection with the Merger Agreement has also been terminated.

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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.