United Rentals (North America), Inc. $1.5 Billion High‑Yield Senior Notes Offering

Cravath represented the initial purchasers in connection with the $1.5 billion high‑yield senior notes offering of United Rentals (North America), Inc., a subsidiary of United Rentals, Inc. The offering comprised $1.5 billion of high‑yield senior notes issued by United Rentals (North America), Inc. United Rentals, Inc. was the largest equipment rental company in the world at the time of the offering. The transaction closed on December 1, 2025. Cravath represented the initial purchasers with a team composed by: partners William V. Fogg and Ryan J. Patrone and associates Q. Cindy Yuan and Sasha G. Savitsky on capital markets matters; partner Andrew T. Davis and associate Chloe Amarilla on tax matters; partner Matthew Morreale on environmental matters; associate S. Celine Li on executive compensation and benefits matters; and Yang Hyun (Yanni) Cho on capital markets matters.

United Rentals (North America), Inc. $1.5 Billion High‑Yield Senior Notes Offering

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads