{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-117313","form_type":"8-K","ticker":"HRI","cik":"0001364479","company_name":"HERC HOLDINGS INC","filed_at":"2025-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.071977+00:00","generated_at":"2026-05-21T23:16:11.209159+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Herc Holdings provides pro forma financing details for $4.8B H&E acquisition","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-117313","json":"https://secwatch.observer/filing/0001193125-25-117313.json","markdown":"https://secwatch.observer/filing/0001193125-25-117313.md","text":"https://secwatch.observer/filing/0001193125-25-117313.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1364479/000119312525117313/0001193125-25-117313-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1364479/000119312525117313/d37092d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T23:16:11.209159+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"}