Herc Holdings prices $2.75B notes at 7.000% and 7.250% to fund H&E acquisition

HERC HOLDINGS INC

$1.65B of 7.000% senior unsecured notes due 2030 and $1.1B of 7.250% notes due 2033 priced.
Total $2.75B offering; closing expected on or about June 2, 2025, subject to conditions.
Proceeds to finance acquisition of H&E Equipment Services, redeem H&E debt, and pay fees.
Notes initially issued by escrow subsidiary; upon acquisition close, Herc will assume obligations.
Offering part of financing for previously announced $78.75 cash plus 0.1287 stock per share acquisition.

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