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Herc Holdings Inc (HRI) provides essential equipment rental solutions across construction, industrial, and environmental sectors. This page serves as the definitive source for investors and professionals tracking the company’s latest developments, offering timely access to strategic announcements and operational updates.
Find curated press releases covering earnings reports, fleet expansions, leadership changes, and sustainability initiatives. Our collection includes verified updates on acquisitions, partnership agreements, and market positioning within the competitive equipment rental industry.
Key categories include quarterly financial results, equipment innovation announcements, safety protocol enhancements, and regulatory compliance updates. All content is maintained to meet journalistic standards, ensuring relevance for both short-term analysis and long-term trend tracking.
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Herc Holdings (NYSE: HRI) has extended its tender offer to acquire H&E Equipment Services (NASDAQ: HEES) until May 29, 2025. The offer, which was previously set to expire on May 22, 2025, proposes to acquire H&E shares for $78.75 in cash and 0.1287 Herc common stock shares per H&E share. The extension aims to allow additional time for satisfying remaining conditions.
As of May 22, 2025, approximately 24,827,794 H&E shares (67.72%) have been validly tendered, with an additional 859,309 shares (2.34%) tendered through guaranteed delivery procedures, totaling about 70.06% of outstanding H&E shares.
Herc Holdings (NYSE: HRI), a leading North American equipment rental supplier, has announced a quarterly dividend of $0.70 per share. The dividend will be paid on June 13, 2025, to shareholders who are on record as of May 30, 2025. This regular quarterly dividend declaration demonstrates the company's commitment to returning value to shareholders through consistent dividend payments.
Herc Holdings (NYSE: HRI) announced that its subsidiary, Herc Holdings Escrow, plans to offer $2.75 billion in senior unsecured notes due 2030 and 2033. This offering is part of the financing for Herc's proposed acquisition of H&E Equipment Services. The acquisition, announced on February 19, 2025, involves a tender offer where H&E shareholders will receive $78.75 in cash and 0.1287 Herc shares per H&E share.
The notes will be guaranteed on a senior unsecured basis by Herc's current and future domestic subsidiaries. The proceeds will be used to finance the acquisition, fund the redemption of H&E's existing debt, and pay related fees. The notes will be offered to qualified institutional buyers in the US under Rule 144A and internationally under Regulation S.
Herc Holdings (NYSE: HRI), a leading North American equipment rental supplier, has achieved significant milestones in its planned acquisition of H&E Equipment Services (NASDAQ: HEES). The company announced two key regulatory clearances: the expiration of the Hart-Scott-Rodino Act waiting period and the SEC's declaration of effectiveness for its Registration Statement on Form S-4. These developments mark crucial steps toward completing the proposed acquisition, which is anticipated to close by early June 2025. The transaction's completion remains subject to H&E shareholders tendering a majority of shares and other customary closing conditions.
Herc Holdings (NYSE: HRI) has announced an extension of its tender offer to acquire H&E Equipment Services (NASDAQ: HEES). The offer, originally set to expire on May 13, 2025, has been extended to May 22, 2025, to allow time for remaining conditions and regulatory approvals. The acquisition terms remain unchanged at $78.75 in cash and 0.1287 Herc shares for each H&E share.
As of May 7, 2025, approximately 32.73% of H&E shares (11,999,305 shares) have been validly tendered, with an additional 0.15% (53,759 shares) tendered through guaranteed delivery procedures. The offer remains subject to completion conditions outlined in the Prospectus/Offer to Exchange dated March 19, 2025.
Herc Holdings has extended its tender offer to acquire H&E Equipment Services. The offer, which was set to expire on April 29, 2025, has been pushed to May 13, 2025, to allow additional time for regulatory approvals and other conditions to be met.
Under the terms of the February 19, 2025 merger agreement, Herc is offering $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share. As of April 29, 2025, approximately 51.76% of H&E shares (18,977,282 shares) have been validly tendered, with an additional 1.25% (457,173 shares) tendered through guaranteed delivery procedures.
The tender offer remains subject to completion conditions outlined in the Prospectus/Offer to Exchange dated March 19, 2025, and related documents filed with the SEC.
Herc Holdings (NYSE: HRI) reported mixed Q1 2025 results with record equipment rental revenue of $739 million, up 3%, and total revenues of $861 million, up 7%. The company posted a net loss of $18 million ($0.63 per share), primarily due to H&E acquisition transaction costs.
Key metrics include flat Adjusted EBITDA at $339 million, with margin at 39.4%, and free cash flow of $49 million. The company's total fleet reached $6.9 billion at OEC, with average fleet age at 47 months. Net debt stood at $4.0 billion with net leverage of 2.5x.
Herc affirmed its 2025 guidance, projecting equipment rental revenue growth of 4-6% and Adjusted EBITDA of $1.575-1.650 billion. The company continues to expand through strategic acquisitions and opened 3 new greenfield locations in Q1. A quarterly dividend of $0.70 per share, representing a 5% increase, was paid to shareholders.
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