United Rentals, Inc. has entered into a Fifth Amended and Restated Credit Agreement as of July 10, 2025, with Bank of America N.A. and other financial institutions. This agreement establishes a senior secured asset-based loan facility valued at $4.5 billion, contingent on availability under a borrowing base. The facility is designed to accommodate borrowings by Canadian, European, and ROW Borrowers in various currencies, including Canadian Dollars, Euros, and Sterling. Additionally, $175 million of this facility is earmarked exclusively for ANZ Borrowers. The agreement also allows for an uncommitted incremental increase of up to the greater of $2 billion or Suppressed Availability. This new credit agreement replaces the existing senior secured asset-based loan facility involving United Rentals and its subsidiaries, enhancing their financial flexibility and global operational capabilities.