United Rentals (North America), Inc.’s $1.5 Billion High?Yield Senior Notes Offering

Cravath represented the underwriters, led by Morgan Stanley, Barclays, Bank of America Merrill Lynch, Citigroup, Deutsche Bank Securities, J.P. Morgan Securities, MUFG, Scotiabank and Wells Fargo Securities, in connection with the $1.5 billion registered high?yield senior notes offering of United Rentals (North America), Inc. (“United Rentals”)

United Rentals (North America), Inc. (“United Rentals”) is the largest equipment rental company in the world at the time of the offering. Proceeds of the offering will be used to finance the acquisition of Neff Corporation by United Rentals. The transaction closed on September 22, 2017.

The Cravath team included partners William V. Fogg (Picture) and Johnny G. Skumpija and associates Andrew M. Wark, Jeremy S. Lerner and Cole-Gabriel DuMond on securities matters, and partner Christopher K. Fargo and associate Joyce Y. Kim on tax matters.


Involved fees earner: William V. Fogg – Cravath Swaine & Moore; Johnny Skumpija – Cravath Swaine & Moore; Andrew Wark – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; Joyce Kim – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Barclays Bank; Bank of America Merrill Lynch; Citigroup Inc.; Deutsche Bank Securities; Morgan Stanley; Scotiabank; Wells Fargo; Mitsubishi UFJ Financial Group;



Author: Ambrogio Visconti