HERC HOLDINGS INC. Files 8-K for Material Definitive Agreement
Ticker: HRI · Form: 8-K · Filed: Jun 7, 2024 · CIK: 1364479
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
Related Tickers: HERC
TL;DR
HERC HOLDINGS INC. just filed an 8-K for a new material definitive agreement - likely a debt or financing deal.
AI Summary
On June 7, 2024, HERC HOLDINGS INC. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. The filing does not specify the exact nature or dollar amount of the financial obligation.
Why It Matters
This filing indicates HERC HOLDINGS INC. has entered into a significant financial agreement, which could impact its financial obligations and operational capacity.
Risk Assessment
Risk Level: medium — Material definitive agreements, especially those involving financial obligations, can introduce new risks or alter existing ones for a company.
Key Players & Entities
- HERC HOLDINGS INC. (company) — Registrant
- June 7, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 27500 Riverview Center Blvd (address) — Principal executive offices
- Bonita Springs, Florida 34134 (address) — Principal executive offices
- (239) 301-1000 (phone_number) — Registrant's telephone number
FAQ
What specific type of material definitive agreement did HERC HOLDINGS INC. enter into?
The filing indicates the entry into a material definitive agreement and a direct financial obligation, but the specific type of agreement is not detailed in the provided text.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is June 7, 2024.
Where is HERC HOLDINGS INC. incorporated?
HERC HOLDINGS INC. is incorporated in Delaware.
What are the principal executive offices of HERC HOLDINGS INC.?
The principal executive offices are located at 27500 Riverview Center Blvd, Bonita Springs, Florida 34134.
Does this filing involve any off-balance sheet arrangements?
Yes, the filing explicitly mentions 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.
Filing Stats: 1,247 words · 5 min read · ~4 pages · Grade level 13.5 · Accepted 2024-06-07 16:36:16
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share HRI New York Stock Exchange
- $800 million — rc Holdings Inc. (the "Company") issued $800 million aggregate principal amount of its 6.625
Filing Documents
- hri-20240607.htm (8-K) — 33KB
- herc-indentureclosing8xkex.htm (EX-4.1) — 1222KB
- 0001364479-24-000035.txt ( ) — 1588KB
- hri-20240607.xsd (EX-101.SCH) — 2KB
- hri-20240607_lab.xml (EX-101.LAB) — 21KB
- hri-20240607_pre.xml (EX-101.PRE) — 12KB
- hri-20240607_htm.xml (XML) — 3KB
01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On June 7, 2024, Herc Holdings Inc. (the "Company") issued $800 million aggregate principal amount of its 6.625% Senior Notes due 2029 (the "Notes"), under an Indenture, dated as of June 7, 2024 (the "Indenture"), among the Company, the subsidiary guarantors party thereto and Truist Bank, as trustee (in such capacity, the "Trustee"). Interest on the Notes accrues at the rate of 6.625% per annum and is payable semi-annually in arrears on June 15 and December 15 of each year, commencing on December 15, 2024. The Notes mature on June 15, 2029. Ranking; Guarantees The Notes are the Company's senior unsecured obligations, ranking equally in right of payment with all of the Company's existing and future senior indebtedness, effectively junior to any of the Company's existing and future secured indebtedness, including the Credit Agreement (as defined in the Indenture), to the extent of the value of the assets securing such indebtedness, and senior in right of payment to any of the Company's existing and future subordinated indebtedness. The Notes are guaranteed on a senior unsecured basis, subject to limited exceptions, by the Company's current and future domestic subsidiaries. The guarantees are senior unsecured obligations of the guarantors and rank equally in right of payment with all of the existing and future senior indebtedness of the guarantors, effectively junior to any existing and future secured indebtedness of the guarantors, including the Credit Agreement, to the extent of the value of the assets securing such indebtedness, and senior in right of payment to all existing and future subordinated indebtedness of the guarantors. Redemption The Company may, at its option, redeem the Notes, in whole or in part, at any time prior to June 15, 2026, at a price equal to 100% of the aggregate principal amount of the Notes, plus the applicable make-whole premium and accrued and unpaid interest, if any, to, but ex
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit Number Description 4.1 Indenture (including the form of Notes), dated as of June 7, 2024, among Herc Holdings Inc., the subsidiary guarantors party thereto, and Truist Bank 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HERC HOLDINGS INC. (Registrant) By: /s/ MARK HUMPHREY Name: Mark Humphrey Title: Senior Vice President, Chief Financial Officer Date: June 7, 2024 4