United Rentals has obtained commitments for $4 billion in loans to support the acquisition, Bloomberg Business Week has reported. According to BBW, Morgan Stanley, Bank of America Corp., and Wells Fargo & Co. are providing the financing, including a $650 million secured bridge loan, a $1.55 billion unsecured bridge loan and a $1.8 billion asset-backed revolving line of credit, according to a regulatory filing.

Greenwich, Conn.-based United Rentals is acquiring RSC Holdings in a cash-and-stock transaction valued at $18 per share, a 58-percent premium compared with RSC’s Dec. 15, closing price. The total value of the acquisition is $4.2 billion, including $2.3 billion in net debt.

The acquisition is the largest in the history of the equipment rental industry. United Rentals is No. 1 on the RER 100; RSC Equipment Rental is No. 2.