United Rentals, Inc.

United Rentals, Inc.

November 11, 2005 06:59 ET

United Rentals Amends Credit Facility

GREENWICH, Conn.--(CCNMatthews - Nov 11, 2005) -

United Rentals, Inc. (NYSE: URI) today announced that the lenders under its secured credit facility have agreed to allow the company until March 31, 2006, to provide 2004 audited financial statements and final financial statements for 2005 interim periods. This agreement is consistent with the previously announced consent by the company's bondholders.

As previously announced, the company has delayed reporting final results for 2004 and 2005 interim periods to allow time to review matters relating to the SEC inquiry of the company and complete restatements of self-insurance reserves for 2000 through 2003 and the first nine months of 2004, income tax provisions prior to 2004, and sale-leaseback transactions for 2000 through 2002.

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of more than 740 rental locations in 48 states, 10 Canadian provinces and Mexico. The company's 13,500 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers for rent over 600 different types of equipment with a total original cost of $3.96 billion. United Rentals is a member of the Standard & Poor's MidCap 400 Index and the Russell 2000 Index® and is headquartered in Greenwich, Connecticut. Additional information about United Rentals is available at unitedrentals.com.

The company's results for 2004 and the first nine months of 2005
have not been finalized and, consequently, the results and other data
for these periods are preliminary and subject to change. Certain
statements made by the company are forward-looking in nature. These
statements can be identified by the use of forward-looking terminology
such as "believes," "expects," "plans," "intends," "projects,"
"forecasts," "may," "will," "should," "on track" or "anticipates" or
the negative thereof or comparable terminology, or by discussions of
strategy or outlook. The company's business and operations are subject
to a variety of risks and uncertainties and, consequently, actual
results may differ materially from those projected by any
forward-looking statements. Factors that could cause actual results to
differ from those projected include, but are not limited to, the
following: (1) unfavorable economic and industry conditions can reduce
demand and prices for the company's products and services, (2)
governmental funding for highway and other construction projects may
not reach expected levels, (3) the company may not have access to
capital that it may require, (4) any companies that United Rentals
acquires could have undiscovered liabilities and may be difficult to
integrate, (5) rates may increase less than anticipated or costs may
increase more than anticipated, (6) the audit of the company's 2004
results has not yet been completed and, accordingly, previously
announced data for 2004 are preliminary and subject to change, (7) the
company's results for the first three quarters of 2005 have not been
finalized and, consequently, are preliminary and subject to change,
(8) the evaluation and testing of the company's internal controls over
financial reporting have not yet been completed and additional
material weaknesses may be identified, (9) the company may incur
significant expenses in connection with the SEC inquiry of the
company, the related internal review and the class action lawsuits and
derivative actions that were filed in light of the SEC inquiry, (10)
there can be no assurance that the outcome of the SEC inquiry or
internal review will not require changes in the company's accounting
policies and practices, restatement of financial statements, revisions
of preliminary results or guidance, and/or otherwise be adverse to the
company, (11) the company may be unable to deliver financial
statements or make SEC filings within the time period required by its
lenders or the indentures governing various securities, as amended,
and (12) the estimated impact of expected restatements is preliminary
and may change based upon additional analysis by the company or its
auditors. Certain of these risks and uncertainties, as well as others,
are discussed in greater detail in the company's filings with the SEC.
The company makes no commitment to revise or update any
forward-looking statements in order to reflect events or circumstances
after the date any such statement is made.

Contact Information