---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-030725"
form_type: "8-K"
ticker: "HRI"
cik: "0001364479"
company_name: "HERC HOLDINGS INC"
filed_at: "2025-02-20T23:59:59+00:00"
generated_at: "2026-05-26T08:23:35.619335+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Herc Holdings to acquire H&E Equipment Services for $78.75 cash + 0.1287 shares per share

## Summary
- Per H&E share: $78.75 cash + 0.1287 HRI shares; H&E board unanimously recommends tender.
- Termination fee: $144.8M payable by H&E for superior proposal; also must refund $63.5M URI fee.
- Committed $4.5B bridge facility from Credit Agricole; no financing condition in Merger Agreement.
- Offer subject to >50% tender, HSR clearance, and completed marketing period (up to 12 business days).

## SEC filing metadata
- accession: 0001193125-25-030725
- form_type: 8-K
- ticker: HRI
- cik: 0001364479
- company_name: HERC HOLDINGS INC
- filed_at: 2025-02-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364479/000119312525030725/0001193125-25-030725-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364479/000119312525030725/d936893d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-030725
- JSON: https://secwatch.observer/filing/0001193125-25-030725.json
- Plain text: https://secwatch.observer/filing/0001193125-25-030725.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.