United Rentals Seeks Short-Term Amendment to Credit Facility
Greenwich, CT - Mar 21, 2006
United Rentals, Inc. (NYSE: URI), as previously announced, has delayed reporting final results for 2004 and 2005 as well as for 2005 interim periods. The company is working diligently to accomplish the filing of its annual reports on Form 10-K and quarterly reports on Form 10-Q, including these financial statements, by March 31, 2006.
As a precautionary measure, the company announced today that it is seeking a short-term amendment from the lenders under its secured credit facility to allow the company until April 28, 2006, if necessary, to complete these statements and make these filings.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of more than 740 rental locations in 48 states, 10 Canadian provinces and Mexico. The company's 13,400 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers for rent over 20,000 classes of rental equipment with a total original cost of $3.9 billion. United Rentals is a member of the Standard & Poor's MidCap 400 Index and the Russell 2000 Index® and is headquartered in Greenwich, Conn. Additional information about United Rentals is available at www.unitedrentals.com.
Certain statements contained in this press release are forward-looking in nature. Actual results may differ materially from those projected by any forward-looking statements. Factors that could cause actual results to differ from those projected include, but are not limited to, the following: (1) the company may be unable to obtain the amendment it is seeking from its lenders; (2) the company may be unable to deliver financial statements or make SEC filings within the time period required by its lenders or the indentures governing various securities, as amended, (3) the company may not be able to file its 2004 10-K by March 31, 2006 (the expiration date of an extension granted by the New York Stock Exchange), in which case the Exchange will initiate suspension and delisting procedures, and (4) the company may not be able to file its 2005 10-K by the end of the 15-day extension period. Certain of these risks and uncertainties, as well as others, are discussed in greater detail in the company's filings with the SEC. The company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.
VP, Investor Relations and Corporate Communications
United Rentals, Inc.