---
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"
generated_at: "2026-05-21T23:16:11.209159+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-117313
- JSON: https://secwatch.observer/filing/0001193125-25-117313.json
- Plain text: https://secwatch.observer/filing/0001193125-25-117313.txt

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