United Rentals Earnings Reconciliation and Strategic Vision
No long-term note maturities until 2027
Millions
$6,000
$5,000
$4,000
$3,000
$1,400
$2,000
$26 unused
$5,500
$2,453
Unused ABL
Facility
$1,797
Used ABL
Facility (2)
$1,673
$1,500
Total Liquidity of $2.706B (1)
Fixed vs. Floating Ratio: 66%/34%
$1,500
6%
Senior
Secured
Notes
$750
4.00%
Senior Unsecured
$1,100
Notes
$750
$750
5.25%
Senior Unsecured
Notes
3.875%
Senior
Unsecured
Notes
3.750%
Senior
Unsecured Notes
2030
2031
2032
$953
$1,000
$1,274
Used A/R Facility
$0
$100
Repurchase Facility
Term
Loan B
$750
3.875%
Senior Notes
$500
4.875%
Senior
Unsecured
Notes (3)
5.5%
Senior Unsecured Notes
2023
2024
2025
2026
2027
2028
2029
Aggressive management of long-term maturity towers
Includes total cash, cash equivalents and availability under ABL and A/R facilities as of June 30, 2023.
Note: As of June 30, 2023.
1)
2)
Includes $65M 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.
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