Exhibit 99.1

[LOGO UNITED RENTALS]
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FOR IMMEDIATE RELEASE
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                  UNITED RENTALS ANNOUNCES PROPOSED FINANCING

     GREENWICH, CT, March 29, 2001 - United Rentals, Inc. (NYSE: URI) announced
today that it expects to obtain a $1.5 billion senior secured bank facility and
to raise $300 million through a concurrent private offering of senior notes. If
completed, the proceeds from the new financing will be used to repay and replace
the Company's existing $1.6 billion bank facility and for other general
corporate purposes.

     The senior notes will be offered pursuant to Rule 144A and Regulation S
under the Securities Act of 1933. The notes have not been registered under the
Securities Act of 1933 and, accordingly, may not be offered or sold in the
United States absent registration under the Securities Act or an applicable
exemption from the registration requirements.

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Contact:
Robert Miner
United Rentals, Inc.
(203) 622-3131
bminer@ur.com
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