United Rentals Obtains Three Year $250 Million Accounts Receivable Securitization Facility
Greenwich, CT - Jun 16, 2003
United Rentals, Inc. (NYSE: URI) today announced that it obtained a $250 million accounts receivable securitization facility. The new facility expires in September 2006 and replaced the company's 364-day accounts receivable securitization facility that was scheduled to expire later this month.
Deutsche Bank Securities, Inc. is the sole agent. Interest on the facility is 100 basis points over the commercial paper rate on any amount drawn.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in North America, with an integrated network of more than 750 locations in 47 states, seven Canadian provinces and Mexico. The company serves 1.7 million customers, including construction and industrial companies, manufacturers, utilities, municipalities, homeowners and others. The company offers for rent over 600 different types of equipment with a total original cost of approximately $3.7 billion.
Vice President, Corporate Communications
United Rentals, Inc.