Herc Holdings Announces Proposed Private Offering of $1.0 Billion of Senior Unsecured Notes
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) (the “Company”) today announced that it intends to offer $1.0 billion aggregate principal amount of senior unsecured notes due 2027 (the “notes”) in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions. The terms of the notes will be determined at the time of pricing of the notes.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. (“Herc”).The net proceeds from the sale of the notes are expected to be used to redeem all $864.5 million aggregate principal amount of Herc’s outstanding senior secured second priority notes, to partially repay indebtedness outstanding un
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HRI
News
- Herc Holdings to Participate in the Baird 2024 Global Industrial ConferenceBusiness Wire
- Herc Holdings Inc. (NYSE: HRI) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $178.00 to $204.00. They now have a "buy" rating on the stock.MarketBeat
- Herc Holdings Inc. (NYSE: HRI) had its price target raised by analysts at Barclays PLC from $175.00 to $250.00. They now have an "overweight" rating on the stock.MarketBeat
- Herc Holdings Inc. (NYSE: HRI) had its price target raised by analysts at JPMorgan Chase & Co. from $200.00 to $240.00. They now have a "neutral" rating on the stock.MarketBeat
- Herc Holdings Inc. (HRI) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
HRI
Earnings
- 10/22/24 - Miss
HRI
Sec Filings
- 11/8/24 - Form SC
- 11/8/24 - Form 4
- 11/7/24 - Form SC
- HRI's page on the SEC website