Welcome to our dedicated page for Herc Holdings news (Ticker: HRI), a resource for investors and traders seeking the latest updates and insights on Herc Holdings stock.
Herc Holdings Inc. (NYSE: HRI), a premier full-service equipment rental company, has been a cornerstone in the equipment rental industry for over 50 years. Spun out of Hertz Global in 2016, Herc Holdings is now the third-largest equipment rental firm in North America, with an impressive fleet valued at $6.4 billion. Operating approximately 270 locations across the U.S. and Canada, and employing around 4,800 professionals, Herc Holdings serves a diverse clientele across various sectors.
The company provides comprehensive rental solutions to the construction and industrial segments, as well as government entities, railroads, infrastructure projects, remediation, emergency response, entertainment and events, and facilities maintenance. Herc Holdings is renowned for its extensive catalog, which includes aerial lifts, earthmoving equipment, material handling machinery, and a variety of specialty items.
Herc Holdings' strategic approach involves not only short-term rentals but also long-term commitments, particularly with industrial customers. This allows Herc to maintain its own staff at customer sites, ensuring seamless operations and superior service. The company's continuous investments in technology and equipment upgrades reflect its dedication to meeting client needs and staying ahead in the competitive market.
Recent achievements of Herc Holdings include expanding its fleet, enhancing customer service capabilities, and forging new partnerships. The company's financial health remains robust, backed by consistent revenue growth and strong market positioning. Herc Holdings' commitment to sustainability and operational excellence has solidified its reputation as a reliable partner in the equipment rental industry.
For the latest updates, news, and developments related to Herc Holdings Inc., stay tuned to this page and ensure you are informed about the company's performance and market activities.
Herc Holdings announced a proposed private offering of $500 million in senior unsecured notes due 2029. These notes will be offered to qualified institutional buyers in the U.S. and internationally, exempt from registration under the Securities Act of 1933. The proceeds will be used to repay part of the company's existing debt under its revolving credit agreement and to cover related fees and expenses. The notes will bear interest payable semi-annually and will be guaranteed by Herc Holdings' domestic subsidiaries. The specific terms will be determined at the time of pricing.
Herc Holdings has announced a regular quarterly dividend of $0.665 per share. This dividend will be paid on June 14, 2024, to shareholders recorded by May 31, 2024. Herc Holdings continues to be a leading equipment rental supplier in North America, underscoring its commitment to returning value to shareholders.
Herc Holdings Inc. (NYSE: HRI) will participate in the Bank of America Transportation Airlines & Industrials Conference 2024 in New York City on May 14, 2024. The company's president and CEO, Larry Silber, and CFO, Mark Humphrey, will be part of a fireside chat discussion and webcast. Investors can access the webcast through the provided links.
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