United Rentals (North America), Inc.’s $1.1 Billion High‑Yield Senior Notes Offering

Cravath represented the underwriters, led by Wells Fargo Securities, in connection with the $1.1 billion registered high‑yield senior notes offering of United Rentals (North America), Inc. (“United Rentals”), the largest equipment rental company in the world. Proceeds of the offering will be used by United Rentals’ parent company, United Rentals, Inc., to finance a portion of its acquisition of BlueLine Rental, and to pay related fees and expenses. The transaction closed on October 30, 2018.

The Cravath team included partner William V. Fogg and associates Stephanie L. Rowan and Michael A. Naclerio on corporate matters, and partner Christopher K. Fargo and associates Kiran Sheffrin and Jiyeon K. Barta on tax matters. Kathryn Kennedy Bleday also worked on corporate matters.