United Rentals said last week it intends to redeem the remaining $271 million aggregate principal amount of outstanding 14-percent HoldCo notes due 2014. The notes will be redeemed at par on Dec. 21.
United Rentals added that it is increasing its asset-based revolving facility of $1.285 billion to $1.36 billion in order to increase the company’s financial flexibility and liquidity.
United Rentals, Greenwich, Conn., is No. 1 on the RER 100.