United Rentals (North America), Inc.’s Registered High‑Yield Senior Debt Offering

Cravath represented the underwriters, led by Wells Fargo Securities, Bank of America Merrill Lynch, Morgan Stanley, Barclays, Citigroup, Deutsche Bank Securities, J.P. Morgan Securities, Mitsubishi UFJ Financial Group and Scotiabank, in connection with the US$500 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 transaction closed on February 27, 2017.

The Cravath team included partner William V. Fogg, practice area attorney Elizabeth A. Morgan and associate Andrew T. Murphy on securities matters and associate Joyce Y. Kim on tax matters. Zachary J. Savrick also worked on securities matters.