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Press release from Business Wire

United Rentals Announces Redemption of Convertible Senior Subordinated Notes

Tuesday, November 13, 2012

United Rentals Announces Redemption of Convertible Senior Subordinated Notes16:15 EST Tuesday, November 13, 2012 GREENWICH, Conn. (Business Wire) -- United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc., has given notice of its intention to redeem all of the outstanding 1 ⅞% Convertible Senior Subordinated Notes due 2023 (CUSIP Number 911365AH7) (the “Convertible Notes”) on December 13, 2012. As of September 30, 2012, there was approximately $5 million aggregate principal amount of the Convertible Notes outstanding. The Convertible Notes will be redeemed at a redemption price of 100% of the principal amount of the Convertible Notes redeemed, plus accrued and unpaid interest to the redemption date. The Convertible Notes are convertible at any time prior to the close of business on December 12, 2012 at a rate of 45.8160 shares of common stock per $1,000 principal amount. The Convertible Notes surrendered for conversion will be settled in cash and stock in accordance with the provisions of the indenture. The Bank of New York Mellon, the trustee for the Convertible Notes, is distributing a Notice of Redemption to all registered holders of the Convertible Notes on November 13, 2012. Copies of such Notice of Redemption and additional information relating to the procedure for redemption and/or conversion of the Convertible Notes may be obtained from The Bank of New York Mellon Bondholder Relations by calling 1-800-254-2826. This announcement does not constitute an offer to buy or sell or the solicitation of an offer to sell or buy securities in any jurisdiction. The Convertible Notes have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of 848 rental locations in 48 states and 10 Canadian provinces. The company's approximately 11,200 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers for rent approximately 3,400 classes of equipment with a total original cost of $7.40 billion. United Rentals is a member of the Standard & Poor's MidCap 400 Index and the Russell 3000 Index® and is headquartered in Greenwich, Conn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as the PSLRA. These statements can generally be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “will,” “should,” “seek,” “on-track,” “plan,” “project,” “forecast,” “intend” or “anticipate,” or the negative thereof or comparable terminology, or by discussions of vision, strategy or outlook. These statements are based on current plans, estimates and projections, and, therefore, you should not place undue reliance on them. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Factors that could affect actual results include but are not limited to corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; changes in the terms or availability of our credit facility; changes in our cash requirements or financial position; and changes in general market, economic, tax, regulatory or industry conditions that impact our ability or willingness to consummate the above-described transactions on the terms described above or at all. For a more complete description of these and other possible risks and uncertainties, please refer to our Annual Report on Form 10-K for the year ended December 31, 2011, as well as to our subsequent filings with the SEC. The forward-looking statements contained herein speak only as of the date hereof, and we make no commitment to update or publicly release any revisions to forward-looking statements in order to reflect new information or subsequent events, circumstances or changes in expectations. United Rentals, Inc.Fred Bratman, 203-618-7318Cell: 917-847-4507fbratman@ur.com