Herc Holdings Prices $1.2 Billion Senior Unsecured Notes Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
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Source: Newsfilter
- Bond Offering Scale: Herc Holdings announced the pricing of $600 million in 5.750% and $600 million in 6.000% senior unsecured notes due 2031 and 2034, respectively, demonstrating the company's strong capital market financing capabilities.
- Clear Use of Proceeds: The net proceeds from this bond issuance will be used to redeem $1.2 billion of 5.50% senior notes, aimed at reducing financial costs and optimizing capital structure, thereby enhancing the company's financial flexibility.
- Positive Market Response: The notes will be offered privately to qualified institutional buyers, with closing expected around December 16, 2025, indicating market confidence in the company's future growth prospects.
- Strategic Integration: This bond issuance complements the company's acquisition of H&E Equipment Services, further solidifying its market position in North America and is expected to drive future revenue growth.
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Analyst Views on HRI
Wall Street analysts forecast HRI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HRI is 175.00 USD with a low forecast of 150.00 USD and a high forecast of 200.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
1 Hold
1 Sell
Moderate Buy
Current: 147.020
Low
150.00
Averages
175.00
High
200.00
Current: 147.020
Low
150.00
Averages
175.00
High
200.00
About HRI
Herc Holdings Inc. is an equipment rental supplier. It operates through subsidiaries, including Herc Rentals Inc. In addition to its principal business of equipment rental, it sells used equipment and contractor supplies, such as construction consumables, tools, small equipment and safety supplies; provides repair, maintenance, equipment management services and safety training to certain of its customers; offer equipment re-rental services and provides on-site support to its customers; and provide ancillary services, such as equipment transport, rental protection, cleaning, refueling and labor. Its classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. Its ProSolutions offering includes industry-specific, solutions-based services in tandem with power generation, climate control, remediation and restoration, pumps, and trench shorting equipment as well as its ProContractor professional grade tools.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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