SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 7, 2008
UNITED RENTALS, INC.
UNITED RENTALS (NORTH AMERICA), INC.
(Exact name of Registrants as Specified in their Charters)
|
|
|
|
|
Delaware |
001-14387 |
06-1522496 |
|
Delaware |
001-13663 |
06-1493538 |
|
(States or Other Jurisdiction of Incorporation) |
(Commission file Numbers) |
(IRS Employer |
|
|
|
|
|
Five Greenwich Office Park, Greenwich, CT |
|
06831 |
|
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrants’ telephone number, including area code: (203) 622-3131
|
|
|
|
|
|
|
|
|
|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
|
|
|
|
|
o |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
|
o |
Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17 CFR 240.14a-2) |
|
|
|
|
o |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
|
o |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
|
|
|
|
|
|
On May 7, 2008, United Rentals, Inc. (the “Company”) entered into a fully underwritten firm commitment letter with Bank of America, N.A., Banc of America Securities LLC, UBS Loan Finance LLC, UBS Securities LLC, Wachovia Capital Markets, LLC and Wachovia Bank, National Association, for the funding to United Rentals (North America), Inc. (“URNA”) and certain of its other subsidiaries of a new, $1 billion, asset-based revolver loan facility (the “Facility”).
The Facility is intended to refinance the existing cash flow revolver, letter of credit facility, and term loan of URNA and such subsidiaries, a portion of which has a maturity in early 2009, and is also to be used for working capital and other corporate purposes. The Facility will be secured by substantially all of the Company’s assets, other than its real property and accounts receivable. URNA’s current $300 million accounts receivable-backed facility will remain in place. The Facility is in the process of being syndicated to prospective other lenders, with the expectation that a definitive credit agreement for the Facility will be executed and drawn upon in June 2008.
2
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 on this 9th day of May, 2008.
|
|
|
|
|
|
UNITED RENTALS, INC. |
|
|
|
|
|
|
|
By: |
/s/ Roger E. Schwed |
|
|
|
|
|
|
Name: |
Roger E. Schwed |
|
|
Title: |
General Counsel |
|
|
|
|
|
|
UNITED RENTALS (NORTH AMERICA), INC. |
|
|
|
|
|
|
|
By: |
/s/ Roger E. Schwed |
|
|
|
|
|
|
Name: |
Roger E. Schwed |
|
|
Title: |
General Counsel |
3