SC 13G
1
efc7-1320_emailformsc13g.txt
UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
UNITED RENTALS,INC.
-------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------
(Title of Class of Securities)
911363109
---------
(CUSIP Number)
April 26, 2007
--------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
[X] Rule 13d-1(c)
|_| Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Continued on following pages
Page 1 of 10 Pages
Exhibit Index: Page 9
SCHEDULE 13G
CUSIP No.: 911363109 Page 2 of 10 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MANAGEMENT, LLC
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Delaware
................................................................................
Number of 5. Sole Voting Power None
Shares
Beneficially ................................................................
Owned by Each
Reporting 6. Shared Voting Power 5,171,681
Person With ................................................................
7. Sole Dispositive Power None
................................................................
8. Shared Dispositive Power 5,171,681
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
5,171,681
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|_|
................................................................................
11. Percent of Class Represented by Amount in Row (9)
6.33% based on 81,663,125 shares outstanding as of April 24, 2007.
................................................................................
12. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: 911363109 Page 3 of 10 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL GP, LLC
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Delaware
................................................................................
Number of 5. Sole Voting Power None
Shares
Beneficially ................................................................
Owned by Each
Reporting 6. Shared Voting Power 4,974,281
Person With ................................................................
7. Sole Dispositive Power None
................................................................
8. Shared Dispositive Power 4,974,281
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,974,281
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|X|
................................................................................
11. Percent of Class Represented by Amount in Row (9)
6.09% based on 81,663,125 shares outstanding as of April 24, 2007.
................................................................................
12. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: 911363109 Page 4 of 10 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LAWRENCE M. ROBBINS
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
United States of America
................................................................................
Number of 5. Sole Voting Power None
Shares
Beneficially ................................................................
Owned by Each
Reporting 6. Shared Voting Power 5,171,681
Person With ................................................................
7. Sole Dispositive Power None
................................................................
8. Shared Dispositive Power 5,171,681
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
5,171,681
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|_|
................................................................................
11. Percent of Class Represented by Amount in Row (9)
6.33% based on 81,663,125 shares outstanding as of April 24, 2007.
................................................................................
12. Type of Reporting Person:
IA
Page 5 of 10 Pages
Item 1(a). Name of Issuer:
United Rentals, Inc. (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
Five Greenwich Office Park, Greenwich, Connecticut 06831
Item 2(a). Name of Person Filing
This Statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):
i) Glenview Capital Management, LLC ("Glenview Capital
Management");
ii) Glenview Capital GP, LLC ("Glenview Capital GP"); and
iii) Lawrence M. Robbins ("Mr. Robbins").
This Statement relates to Shares (as defined herein) held for
the accounts of Glenview Capital Partners, L.P., a Delaware limited partnership
("Glenview Capital Partners"), Glenview Institutional Partners, L.P., a Delaware
limited partnership ("Glenview Institutional Partners"), Glenview Capital Master
Fund, Ltd., a Cayman Islands exempted company ("Glenview Capital Master Fund"),
Glenview Offshore Opportunity Master Fund, Ltd., a Cayman Islands exempted
company ("Glenview Offshore Opportunity Master Fund"), Glenview Capital
Opportunity Fund, L.P., a Delaware limited partnership ("Glenview Capital
Opportunity Fund"), GCM Little Arbor Master Fund, Ltd., a Cayman Islands
exempted company ("GCM Little Arbor Master Fund"); GCM Little Arbor
Institutional Partners, L.P., a Delaware limited partnership ("GCM Little Arbor
Institutional Partners"), GCM Little Arbor Partners, L.P., a Delaware limited
partnership ("GCM Little Arbor Partners") and GCM Opportunity Fund, L.P., a
Delaware limited partnership ("GCM Opportunity Fund").
Glenview Capital Management serves as investment manager to
each of Glenview Capital Partners, Glenview Institutional Partners, Glenview
Capital Master Fund, Glenview Offshore Opportunity Master Fund, Glenview Capital
Opportunity Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional
Partners, GCM Little Arbor Partners and GCM Opportunity Fund. In such capacity,
Glenview Capital Management may be deemed to have voting and dispositive power
over the Shares held for the accounts of each of Glenview Capital Partners,
Glenview Institutional Partners, Glenview Capital Master Fund, Glenview Offshore
Opportunity Master Fund, Glenview Capital Opportunity Fund, GCM Little Arbor
Master Fund, GCM Little Arbor Institutional Partners, GCM Little Arbor Partners
and GCM Opportunity Master Fund. Glenview Capital GP is the general partner of
Glenview Capital Partners, Glenview Institutional Partners, GCM Little Arbor
Institutional Partners and GCM Little Arbor Partners. Glenview Capital GP also
serves as the sponsor of the Glenview Capital Master Fund and the GCM Little
Arbor Master Fund. In such capacities, Glenview Capital GP may be deemed to have
voting and dispositive power over the Shares held for the accounts of each
Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital
Master Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional
Partners and GCM Little Arbor Partners. Mr. Robbins is the Chief Executive
Officer of Glenview Capital Management and Glenview Capital GP.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of each of
Glenview Capital Management, Glenview Capital GP, and Mr. Robbins is 767 Fifth
Avenue, 44th Floor, New York, New York 10153.
Page 6 of 10 Pages
Item 2(c). Citizenship:
i) Glenview Capital Management is a Delaware limited liability
company;
ii) Glenview Capital GP is a Delaware limited liability
company; and
iii) Mr. Robbins is a citizen of the United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share (the "Shares")
Item 2(e). CUSIP Number:
911363109
Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a) Amount Beneficially Owned:
As of May 4, 2007, each of Glenview Capital Management and Mr.
Robbins may be deemed to be the beneficial owner of 5,171,681 Shares. This
amount consists of: (A) 250,700 Shares held for the account of Glenview Capital
Partners; (B) 3,064,381 Shares held for the account of Glenview Capital Master
Fund; (C) 1,295,300 Shares held for the account of Glenview Institutional
Partners; (D) 305,000 Shares held for the account of the GCM Little Arbor Master
Fund; (E) 57,340 Shares held for the account of GCM Little Arbor Institutional
Partners; (F) 121,390 Shares held for the account of Glenview Capital
Opportunity Fund; (G) 69,910 Shares held for the account of Glenview Offshore
Opportunity Master Fund , (H) 1,560 Shares held for the account of GCM Little
Arbor Partners and (I) 6,100 Shares held for the account of GCM Opportunity
Fund.
As of May 4, 2007, Glenview Capital GP may be deemed to be the
beneficial owner of 4,974,281 Shares. This amount consists of: (A) 250,700
Shares held for the account of Glenview Capital Partners; (B) 3,064,381 Shares
held for the account of Glenview Capital Master Fund; (C) 1,295,300 Shares held
for the account of Glenview Institutional Partners; (D) 305,000 Shares held for
the account of the GCM Little Arbor Master Fund; (E) 57,340 Shares held for the
account of GCM Little Arbor Institutional Partners; and (F) 1,560 Shares held
for the account of GCM Little Arbor Partners.
Item 4(b) Percent of Class:
The number of Shares of which each of Glenview Capital
Management and Mr. Robbins may be deemed to be the beneficial owner constitutes
approximately 6.33% of the total number of Shares outstanding (based upon
information provided by the Issuer in its most recently-filed quarterly report
filed on Form 10-Q, there were 81,663,125 shares outstanding as of April 24,
2007).
The number of Shares of which Glenview Capital GP may be
deemed to be the beneficial owner constitutes approximately 6.09% of the total
number of Shares outstanding (based upon information provided by the Issuer in
its most recently-filed quarterly report on Form 10-Q, there were 81,663,125
shares outstanding as of April 24, 2007).
Item 4(c) Number of Shares of which such person has:
Glenview Capital Management and Mr. Robbins:
--------------------------------------------
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 5,171,681
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 5,171,681
Glenview Capital GP:
--------------------
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 4,974,281
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 4,974,281
Page 7 of 10 Pages
Item 5. Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
See disclosure in Item 2 hereof.
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that,
to the best of their knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
Page 8 of 10 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: May 7, 2007 GLENVIEW CAPITAL MANAGEMENT, LLC
By:
/s/ Lawrence M. Robbins
-----------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: May 7, 2007 GLENVIEW CAPITAL GP, LLC
By:
/s/ Lawrence M. Robbins
-----------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: May 7, 2007 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
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Page 9 of 10 Pages
EXHIBIT INDEX
Ex. Page No.
--- --------
A Joint Filing Agreement, dated May 7, 2007 by
and among Glenview Capital Management, LLC,
Glenview Capital GP, LLC and Lawrence M. Robbins.... 10
Page 10 of 10 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with
respect to the Common Stock of United Rentals, Inc. dated as of May 7, 2007 is,
and any amendments thereto (including amendments on Schedule 13D) signed by each
of the undersigned shall be, filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended.
Date: May 7, 2007 GLENVIEW CAPITAL MANAGEMENT, LLC
By:
/s/ Lawrence M. Robbins
-----------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: May 7, 2007 GLENVIEW CAPITAL GP, LLC
By:
/s/ Lawrence M. Robbins
-----------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: May 7, 2007 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
-----------------------