United Rentals (North America) Inc.’s $1.8 Billion Registered High‑Yield Senior Secured and Senior Debt Offerings

Cravath represented the underwriters, led by Wells Fargo Securities, BofA Merrill Lynch, Morgan Stanley, Citigroup, Barclays, Deutsche Bank Securities and J.P. Morgan Securities, in connection with the US$1 billion registered high‑yield senior secured debt offering and US$800 million registered high‑yield senior debt offering of United Rentals (North America) Inc., the largest equipment rental company in the world at the time of the offering. The transactions closed on March 26, 2014.

The Cravath team included partner William V. Fogg and associates Arthur L. Lotz and Daniel R. Satin on securities matters; partner George E. Zobitz, senior attorney Christopher J. Kelly, practice area attorney Jin Hee Kim and associate Douglas M. Giannantonio on banking matters; partner Christopher K. Fargo and associate Ashley N. Elnicki on tax matters; and partner Matthew Morreale on environmental matters. Douglas C. Dolan also worked on securities matters.