Herc upsizes ABL facility to $3.5B, extends maturity to July 2027

HERC HOLDINGS INC

Revolving credit commitments increased to $3.5 billion from prior amount.
Maturity extended to July 5, 2027; replaces LIBOR with Term SOFR for USD loans.
Selective operational and restrictive covenants modified for increased flexibility.
New ESG amendment provision enables KPI-linked pricing adjustments.
Amendment effective July 5, 2022; lender group includes Bank of America as agent.

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