Herc Holdings refinances $1.2B debt with new 5.75%/6.00% notes due 2031/2034

HERC HOLDINGS INC

Issued $600M 5.750% notes due 2031 and $600M 6.000% notes due 2034, net proceeds used to redeem all $1.2B of 5.50% Senior Notes due 2027.
Redemption of 2027 Notes completed on Dec 16, 2025; indenture satisfied and discharged.
Amended credit agreement reduces interest rate margin to 1.75% (Term SOFR) and 0.75% (Base Rate); $750M term loans unchanged.
Notes are senior unsecured, guaranteed by domestic subsidiaries, rank equally with existing senior debt.

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