Bond Buyers Back United Rentals' RSC Acquisition

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.