{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-029600","form_type":"8-K","ticker":"HRI","cik":"0001364479","company_name":"HERC HOLDINGS INC","filed_at":"2025-02-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.436589+00:00","generated_at":"2026-05-26T10:47:37.397506+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Herc Holdings to acquire H&E Equipment Services for $104.89/share; expects $300M EBITDA synergies","bullets":["Herc acquires H&E for $78.75 cash + 0.1287 Herc shares per share; total value $104.89/share (10-day VWAP).","H&E shareholders will own ~14.1% of combined company; transaction expected to close mid-2025.","Expected $300M annual EBITDA synergies by year 3: $125M cost, $175M revenue; accretive >20% to cash EPS.","Pro forma combined revenue ~$5.2B, EBITDA ~$2.5B; net leverage 3.8x at close, below 3.0x in 24 months.","Herc paid $63.5M termination fee to United Rentals on behalf of H&E."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-029600","json":"https://secwatch.observer/filing/0001193125-25-029600.json","markdown":"https://secwatch.observer/filing/0001193125-25-029600.md","text":"https://secwatch.observer/filing/0001193125-25-029600.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1364479/000119312525029600/0001193125-25-029600-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1364479/000119312525029600/d866359d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T10:47:37.397506+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}