Highest-materiality recent filing
Herc Holdings Q1 2026: revenue up 32% to $1.14B, adjusted EBITDA $448M
Equipment rental revenue $981M (+33%); total revenues $1,139M (+32%).
Q4 equipment rental revenue $1,039M (+24% YoY); total revenues $1,209M (+27%).
Herc Holdings refinances $1.2B debt with new 5.75%/6.00% notes due 2031/2034
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.
Herc Holdings prices $1.2B in senior notes; proceeds to redeem $1.2B 2027 notes
Priced $600M of 5.750% notes due 2031 and $600M of 6.000% notes due 2034.
Herc Holdings names Aaron Birnbaum President; adds two independent directors
Aaron Birnbaum, current COO, elected President effective Jan 1, 2026; CEO Larry Silber remains CEO.
Herc Holdings Q3 revenue up 35% to $1.3B; adj. EPS $2.22; reaffirms FY guidance
Equipment rental revenue $1,122M (+30% YoY); total revenues $1,304M (+35%).
Herc Holdings sells Cinelease business to Zello for $100M cash plus earnouts
Sale completed July 31, 2025; initial cash consideration $100M, plus potential earnouts.
Herc Holdings posts Q2 net loss of $35M on H&E acquisition costs; updates FY2025 guidance
Equipment rental revenue $870M (+14% YoY); total revenues $1,002M (+18% YoY)
Completed acquisition of H&E Equipment Services; H&E stockholders received $78.75 cash + 0.1287 Herc shares per share.
Herc Holdings prices $2.75B notes at 7.000% and 7.250% to fund H&E acquisition
$1.65B of 7.000% senior unsecured notes due 2030 and $1.1B of 7.250% notes due 2033 priced.
On May 29, 2025, the Company expanded the size of its Board of Directors (the “Board”) from seven members to eight members and, under the terms of the Merger Agreement, appointed Mr. John M. Engquist (who previously served as a member on the H&E board of directors) to the Board.
Max materiality 0.90 · Median 0.60 · Most common event debt