HERC HOLDINGS INC. Files 8-K for Material Definitive Agreement
Ticker: HRI · Form: 8-K · Filed: Sep 4, 2024 · CIK: 1364479
Sentiment: neutral
Topics: material-definitive-agreement, 8-k
Related Tickers: HERC
TL;DR
HERC HOLDINGS INC. signed a big deal on 8/30, details to come.
AI Summary
On August 30, 2024, HERC HOLDINGS INC. entered into a material definitive agreement. The filing does not provide specific details on the agreement or any associated dollar amounts or parties involved.
Why It Matters
This filing indicates a significant new agreement for HERC HOLDINGS INC., which could impact its business operations and financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details introduces uncertainty about its implications.
Key Players & Entities
- HERC HOLDINGS INC. (company) — Registrant
- August 30, 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
FAQ
What is the nature of the material definitive agreement entered into by HERC HOLDINGS INC. on August 30, 2024?
The filing states that HERC HOLDINGS INC. entered into a material definitive agreement on August 30, 2024, but does not provide specific details about the agreement itself.
Who are the other parties involved in this material definitive agreement?
The provided filing does not disclose the names of any other parties involved in the material definitive agreement.
Are there any financial terms or dollar amounts associated with this agreement mentioned in the filing?
No specific financial terms or dollar amounts related to the material definitive agreement are disclosed in this filing.
What is the significance of HERC HOLDINGS INC. filing an 8-K form?
An 8-K filing is used to report significant events that are of interest to shareholders and regulators, such as the entry into a material definitive agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on August 30, 2024.
Filing Stats: 628 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-09-04 16:56:57
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share HRI New York Stock Exchange
Filing Documents
- hri-20240830.htm (8-K) — 28KB
- ex101amendment5andrfa.htm (EX-10.1) — 1233KB
- 0001364479-24-000050.txt ( ) — 1579KB
- hri-20240830.xsd (EX-101.SCH) — 2KB
- hri-20240830_lab.xml (EX-101.LAB) — 21KB
- hri-20240830_pre.xml (EX-101.PRE) — 12KB
- hri-20240830_htm.xml (XML) — 3KB
01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. As previously disclosed, on September 17, 2018, Herc Rentals Inc. (together with its subsidiaries, the "Company"), as the servicer and performance guarantor, entered into a receivables financing agreement (as amended, the "RFA"), with Herc Receivables U.S. LLC, a special purpose vehicle wholly-owned by the Company (the "Receivables Subsidiary"), the lenders from time to time party thereto (the "Lenders"), and Credit Agricole Corporate and Investment Bank ("CACIB"), as Administrative Agent, pursuant to which the Receivables Subsidiary may (from time to time and subject to the conditions therein) borrow from the Lenders. Loans under the RFA are secured by liens on the receivables and other assets of the Receivables Subsidiary. As previously disclosed, the Company, the Receivables Subsidiary, CACIB and the Lenders have amended the RFA annually since 2020. On August 30, 2024, the Company, the Receivables Subsidiary, CACIB and the Lenders entered into a Fifth Amendment (the "Fifth Amendment") to the RFA. The Fifth Amendment, among other things, amends the commitment and unallocated allocation to provide greater borrowing availability, and extends the maturity date of the RFA until August 31, 2025. The foregoing description of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Fifth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit Number Description 10.1 Amendment No. 5 to Receivables Financing Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 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/ S. WADE SHEEK Name: S. Wade Sheek Title: Senior Vice President, Chief Legal Officer and Secretary Date: September 4, 2024 3