United Rentals last week began cash tender offers and consent solicitations for all of its outstanding 6 ½ percent senior notes due 2012, 7 ¾ percent senior subordinated notes due 2013 and 7 percent senior subordinated notes due 2014.
The tender offers and consent solicitations are being conducted in connection with the anticipated merger of RAM Acquisitions Corp., an entity indirectly controlled by affiliates of Cerberus Capital Management with United Rentals.
The closing of the tender offers is subject to certain conditions. United Rentals has retained Credit Suisse Securities LLC, Bank of America Securities, Morgan Stanley & Co., and Lehman Brothers to serve as dealer managers and solicitation agents for the tender offers and consent solicitations.
