Amendment No. 1 to Amended and Restated Credit and Guaranty Agreement

Effective as of August 7, 2025, United Rentals, Inc. ("Holdings"), United Rentals (North America) Inc. (the "Borrower"), certain of the Borrower's subsidiaries party thereto (the "Subsidiary Guarantors"), the lenders party thereto (the "Lenders") and Bank of America, N.A. (the "Agent") entered into an amendment (the "Amendment") to the Amended and Restated Credit and Guaranty Agreement, dated as of February 14, 2024 (the "Existing Credit Agreement" and, as amended by the Amendment, the "Credit Agreement"), by and among the Borrower, Holdings, the Subsidiary Guarantors, the Lenders and the Agent.

The Amendment, among other changes, reduces the interest rate margin applicable thereunder to 1.50%, in the case of Term SOFR Term Loans, and 0.50%, in the case of Base Rate Term Loans. The total loans outstanding under the Credit Agreement as of the effective date of the Amendment of $987,500,000 remained unchanged. The obligations under the Credit Agreement continue to be guaranteed on a secured basis by Holdings and the Subsidiary Guarantors on the same terms and subject to the same exceptions as the Existing Credit Agreement.

The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is filed as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.

Information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.