United Rentals completes $2.5 billion senior unsecured notes offering
URI•United Rentals completed a $2.5 billion senior notes offering through its North America subsidiary on October 29, 2026. The offering comprised three tranches with coupons of 5.55%, 5.75% and 6.2%, maturing in 2029, 2031 and 2036, respectively.
1. Three note tranches
The $700 million tranche carries a 5.55% coupon and matures October 15, 2029. The $800 million tranche carries a 5.75% coupon and matures October 15, 2031, while the $1 billion tranche carries a 6.2% coupon and matures October 15, 2036.
2. Guarantee terms
The notes are senior unsecured obligations of United Rentals’ North America subsidiary, guaranteed by the parent on a senior unsecured basis.
