debt
confidence high
sentiment neutral
materiality 0.60
Herc Holdings prices $1.2B in senior notes; proceeds to redeem $1.2B 2027 notes
HERC HOLDINGS INC
- Priced $600M of 5.750% notes due 2031 and $600M of 6.000% notes due 2034.
- Net proceeds plus ABL borrowings to redeem all $1.2B of existing 5.50% Senior Notes due 2027.
- Closing expected on or about December 16, 2025, subject to customary conditions.
- Notes are senior unsecured, guaranteed by domestic subsidiaries including Herc Rentals Inc.
- Offering conducted under Rule 144A/Reg S; not registered under Securities Act.
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