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

Cravath represented the underwriters, led by BofA Securities, Morgan Stanley and Wells Fargo Securities, in connection with the $1.1 billion registered high‑yield senior notes offering of United Rentals (North America), Inc., a subsidiary of United Rentals, Inc., the largest equipment rental company in the world at the time of the offering. The transaction closed on August 10, 2020.

The Cravath team included partner William V. Fogg and associates Melanie R. Cook, Kathryn Kennedy Bleday and Kevin L. Cheng on capital markets matters, and partner Christopher K. Fargo and associate Rory M. Minnis on tax matters.