2023 Investor Day Presentation
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
$1,100
$955
$1,000
$100
Repurchase
Facility
$220 unused
$880
Used A/R
Facility
Term
Loan B
$0
2023
2024
2025
2026
$2,336
Unused
ABL
Facility
Total Liquidity of $2.655B(1)
Fixed vs. Floating Ratio: 68%/32%
$1,914
Used ABL
Facility(2)
$1,673
$1,500
$1,500
$1,100
$750
3.875% SSN
$750
4.00% SUN
$750
4.875%
SUN(3)
6%
SSN
$500
5.5% SUN
$750
3.875%
SUN
5.25% 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 March 31, 2023. SSN = Senior Secured Notes. SUN = Senior Unsecured Notes. (1) Includes total cash, cash equivalents and availability under ABL and A/R facilities as of March 31, 2023. (2) Includes $67M 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®
2023 Investor Day | 85View entire presentation