Company Overview of United Rentals (North America), Inc.

United Rentals, Inc. announced that its subsidiary, United Rentals (North America), Inc. ("URNA"), has given notice of its intention to redeem all of the outstanding $500 million principal amount of 10(7) /(8)% Senior Notes due 2016 (CUSIP Number 911365AV6) on November 29, 2012. The notes will be redeemed at a redemption price currently estimated to be 110.969% of the principal amount of the Notes, plus accrued and unpaid interest to the redemption date. The Bank of New York Mellon, as the trustee for the Notes (the "Trustee"), is distributing a Notice of redemption to all registered holders of the Notes on October 30, 2012. URNA will use the proceeds from the issuance of its 6.125% Senior Notes due 2023 and additional borrowings of approximately $188 million under its asset-based revolving credit facility to redeem the Notes. URNA has deposited with the Trustee sufficient funds to pay the principal, premium (as currently calculated) and interest on the Notes. As a result, URNA and the guarantors under the Notes have been released from their respective obligations under the Notes and the related indenture pursuant to the satisfaction and discharge provisions there under.

On April 30, 2012, United Rentals (North America), Inc. entered into the Agreement and Plan of Merger, by and between URNA and UR Merger Sub Corporation. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, the size of the United Rentals (North America), Inc. board of directors was increased from eleven directors to fourteen directors and three of RSC’s independent directors, Pierre E. Leroy, James H. Ozanne and Donald C. Roof, selected by RSC (the RSC Independent Directors) were elected to the company’s board of directors. The RSC Independent Directors were also appointed to certain committees of the company’s board of directors, effective at the effective time of the Merger. Pierre E. Leroy was appointed to the Compensation Committee and the Strategy Committee. James H. Ozanne was appointed to the Nominating and Corporate Governance Committee and the Strategy Committee. Donald C. Roof was appointed to the Audit Committee and the Risk Management Committee.

United Rentals, Inc., United Rentals (North America), Inc. and certain of their subsidiaries announced that they entered into an Amended and Restated Credit Agreement which provides for a senior secured asset-based loan facility of $1,800 million, a portion of which is available for borrowing in Canadian Dollars. The Amended and Restated Credit Agreement also provides for an uncommitted incremental increase in the ABL Facility of up to $500 million. The ABL Facility replaces the company's existing senior secured asset-based loan facility. Certain of the company's subsidiaries have provided guarantees under the ABL Facility. In addition, obligations under the facility are secured by certain first-priority security interests in the assets of the borrowers and the guarantors. Amounts drawn bear annual interest at either the LIBOR rate plus a margin of 1.75% to 2.25% or at a base rate plus a margin of 0.75% to 1.25%. The ABL Facility matures on October 13, 2016. At closing, approximately $800 million was drawn and the borrowers had approximately $1,000 million available for additional borrowings, subject to borrowing base limitations.