United Rentals intends to redeem all of the outstanding $750 million principal amount of its 4.625% senior notes due 2025.

The notes will be redeemed at a redemption price of 102.313% of the principal amount of the notes, plus accrued and unpaid interest to, but excluding, the redemption date.

United Rentals instructed Wells Fargo Bank as the trustee for the notes to distribute a notice of redemption to all registered holders of the notes on Oct. 5, 2020.

United Rentals expects to use borrowings under its senior secured asset-based revolving credit facility to redeem the notes and to pay related expenses.