United Rentals launched syndication of a $1 billion senior secured term loan B credit facility, which will be guaranteed by United Rentals and certain subsidiaries of URNA and secured by the same collateral as URNA’s existing senior secured asset-based revolving credit facility.

Bank of America Merrill Lynch will act as agent for the syndicated lenders and as joint lead arranger with Wells Fargo Securities and other potential arrangers.

The term loan B is expected to mature in October 2025; however, the terms and conditions and closing of the loan will depend on market and other conditions.

URNA intends to use the proceeds to pay, in part, the purchase price of its BlueLine Rental acquisition from Platinum Equity.