debt
confidence high
sentiment neutral
materiality 0.60
Herc Holdings prices $800M of 6.625% senior notes due 2029, upsized from $500M
HERC HOLDINGS INC
- Initially offered $500M senior unsecured notes due 2029 on June 4, 2024.
- Offering upsized to $800M aggregate principal amount at 6.625% coupon.
- Closing expected on or about June 7, 2024, subject to customary conditions.
- Net proceeds to repay a portion of ABL credit facility debt and related fees.