Herc Holdings Announces Pricing of Upsized $800 Million Senior Unsecured Notes Offering
Herc Holdings Inc. (HRI)
Last herc holdings inc. earnings: 4/23 06:30 am
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US:NYSE Investor Relations:
ir.hercrentals.com
Company Research
Source: Business Wire
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) (“Herc Holdings” or the “Company”) today announced that it has priced $800 million aggregate principal amount of 6.625% senior unsecured notes due 2029 (the “notes”) in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased by $300 million from the previously announced total offering size of $500 million. The closing of the offering is expected to occur on or about June 7, 2024, subject to customary closing conditions.The notes will be senior unsecured obligations of the Company, and interest will be payable semi-annually in arrears. The notes will be guaranteed on a senior unsecured basis, subject to limited exceptions, by the Company’s current and future domestic subsidiaries, including Herc Rentals Inc.The net proceeds from the sale of the notes are expected to be used to repay a portion of the indeb
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HRI
News
- Herc Holdings Inc. (NYSE: HRI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Herc Holdings Inc. (NYSE: HRI) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating and a $155.00 price target on the stock.MarketBeat
- Herc Holdings Announces Proposed Private Offering of $500 Million of Senior Unsecured Notes [Yahoo! Finance]Yahoo! Finance
- Herc Holdings Announces Proposed Private Offering of $500 Million of Senior Unsecured NotesBusiness Wire
- Herc Holdings Inc. (NYSE:HRI) Passed Our Checks, And It's About To Pay A US$0.665 Dividend [Yahoo! Finance]Yahoo! Finance
HRI
Earnings
- 4/23/24 - Miss
HRI
Sec Filings
- 6/7/24 - Form 8-K
- 6/4/24 - Form 4
- 6/4/24 - Form 8-K
- HRI's page on the SEC website