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Herc Holdings Launches $1.2 Billion Private Notes Offering Due 2031 & 2034

BY MT Newswires | CORPORATE | 12/02/25 10:26 AM EST

10:26 AM EST, 12/02/2025 (MT Newswires) -- Herc Holdings (HRI) said Tuesday it intends to issue $1.2 billion in senior unsecured notes through a private offering, with maturities in 2031 and 2034.

The company said it plans to use the proceeds to fully redeem its $1.2 billion of 5.50% notes due 2027 and cover associated costs.

The notes will be senior unsecured obligations and will be guaranteed by the company's current and future U.S. subsidiaries, including Herc Rentals, it added.

Final terms and pricing will be set based on prevailing market conditions.

Price: 132.64, Change: -0.31, Percent Change: -0.23

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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