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Herc Prices $1.2 Billion Senior Unsecured Notes Offering

BY MT Newswires | CORPORATE | 12/02/25 05:36 PM EST

05:36 PM EST, 12/02/2025 (MT Newswires) -- Herc (HRI) said late Tuesday it priced $600 million of 5.75% senior unsecured notes due 2031 and $600 million of 6% senior unsecured notes due 2034.

The offering is expected to close on Dec. 16.

Net proceeds will be used, together with borrowings under its asset-based lending credit facility, to redeem $1.2 billion of 5.5% senior notes due 2027 and pay related fees and expenses, according to the company.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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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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