HERC HOLDINGS INC (HRI): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HERC HOLDINGS INC incurred senior notes of $600 million of 6.000% senior unsecured notes due 2034 with Truist Bank at 6.000% per annum maturing March 15, 2034.

Instrument: senior notes
Principal: $600 million of 6.000% senior unsecured notes due 2034
Counterparty: Truist Bank
Rate: 6.000% per annum
Maturity: March 15, 2034
Event: incurrence

Exact text from the filing

On December 16, 2025, Herc Holdings Inc. (the “Company”) issued $600 million aggregate principal amount of its 5.750% senior unsecured notes due 2031 (the “2031 notes”) and $600 million of 6.000% senior unsecured notes due 2034 (the “2034 notes”

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HERC HOLDINGS INC incurred senior notes of $600 million aggregate principal amount of its 5.750% senior unsecured notes due 2031 with Truist Bank at 5.750% per annum maturing March 15, 2031.

Instrument: senior notes
Principal: $600 million aggregate principal amount of its 5.750% senior unsecured notes due 2031
Counterparty: Truist Bank
Rate: 5.750% per annum
Maturity: March 15, 2031
Event: incurrence

Exact text from the filing

On December 16, 2025, Herc Holdings Inc. (the “Company”) issued $600 million aggregate principal amount of its 5.750% senior unsecured notes due 2031 (the “2031 notes”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HERC HOLDINGS INC terminated 5.50% Senior Notes due 2027 valued at $1,200 million in aggregate principal amount (effective 2025-12-16).

Action: termination
Agreement: notes offering
Value: $1,200 million in aggregate principal amount
Effective: 2025-12-16

Exact text from the filing

The net proceeds of the offering of the notes, together with certain other borrowings by the Company, were used to redeem all $1,200 million in aggregate principal amount of the Company’s outstanding 5.50% Senior Notes due 2027 (the “2027 Notes”) and to pay related fees and expenses.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HERC HOLDINGS INC entered into Indenture with Truist Bank, as trustee valued at $600 million aggregate principal amount of its 5.750% senior unsecured notes due 2031 and $600 milli (effective 2025-12-16).

Action: entry
Agreement: notes offering
Counterparty: Truist Bank, as trustee
Value: $600 million aggregate principal amount of its 5.750% senior unsecured notes due 2031 and $600 milli
Effective: 2025-12-16

Exact text from the filing

On December 16, 2025, Herc Holdings Inc. (the “Company”) issued $600 million aggregate principal amount of its 5.750% senior unsecured notes due 2031 (the “2031 notes”) and $600 million of 6.000% senior unsecured notes due 2034 (the “2034 notes” and, together with the 2031 notes, the “notes”), under an Indenture, dated as of December 16, 2025 (the “Indenture”), among the Company, the subsidiary guarantors party thereto and Truist Bank, as trustee (in such capacity, the “Trustee”).

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100 debt financings filed in the last 30 days. Browse all debt financings →

HERC HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0001193125-25-320956

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