Stock pickers aren’t the only ones buying into the construction equipment rental story this year.
Market leader United Rentals came to market last week looking for $2.2 billion to finance its purchase of competitor RSC Holdings but ended up selling $2.8 billion of bonds instead as fund managers piled into the deal.
The two-part deal included $2.1 billion unsecured bond rated B3, making it the largest new bond rated single-B since the onset of the credit crisis.
For more, visit the Wall Street Journal.
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