Capital Allocation and Digital Strategy Update
Financial strength: Ensuring flexibility & optionality
$M
$6,000
No Long-term Note Maturities Until 2027
$5,500
$5,000
$4,000
$3,000
$2,000
$1,000
$1,400
$1,300
Used A/R
$948
Facility
$0
$100
Repurchase Facility
Term
Loan B
2023
2024
2025
2026
Total Liquidity of $3.330B (1)
$2,967
Unused ABL
Facility
Fixed vs. Floating Ratio: 69%/31%
$1,283
Used ABL
Facility (2)
$1,673
$1,500
$1,500
$1,100
$750
4.00% SUN
$750
3.875% SSN
$750
4.875%
SUN (3)
6.00%
SSN
$500
5.5% SUN
$750
5.25% SUN
3.875%
SUN
3.750%
SUN
2027
2028
2029
2030
2031
2032
SUN: Senior Unsecured Notes SSN: Senior Secured Notes
Aggressive Management of Long-term Maturity Towers
Note: As of December 31, 2023. Excludes finance leases. SSN = Senior Secured Notes. SUN = Senior Unsecured Notes. (1) Includes total cash, cash equivalents and availability under ABL and A/R facilities as of December 31, 2023. (2) Includes $14M in Letters of Credit. (3) Comprised of
two separate 4.875% notes, a note with $1.669B principal amount and a note with $4M principal amount.
United Rentals®
Work United®
| 34View entire presentation