Herc Holdings issues $800M of 6.625% Senior Notes due 2029

HERC HOLDINGS INC

Issued $800M aggregate principal amount of 6.625% Senior Notes due June 15, 2029.
Interest payable semi-annually on June 15 and Dec 15, commencing Dec 15, 2024.
Notes are senior unsecured, ranking equally with existing senior debt; guaranteed by domestic subsidiaries.
Redemption: make-whole prior to June 2026; then at 103.313% (2026-2027), 101.656% (2027-2028), 100% thereafter.
Change of control triggers offer to repurchase at 101% of principal; asset sale triggers offer at 100%.

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