Herc Holdings provides pro forma financing details for $4.8B H&E acquisition

HERC HOLDINGS INC

Combined company TEV $12+ billion; pro forma revenue ~$5.1B, Adj. EBITDA (synergized) ~$2.3B.
Financing includes $750M Term Loan B due 2032, $2.75B new unsecured debt, and $919M ABL draw.
Pro forma net leverage 3.6x (synergized) and Net First Lien leverage 1.6x; target 2.0x-3.0x net leverage.
Estimated run-rate cost synergies of $125M; combined fleet OEC $10B with over 600 branches.
LTM Q1 2025 Herc Adj. EBITDA $1.583B; quarterly dividend $0.70/share maintained.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.