Herc Holdings (NYSE: HRI) announces conditional redemption of $1.2B notes

Rhea-AI Filing Summary

Herc Holdings Inc. announced a conditional plan to fully redeem its outstanding 5.50% Senior Notes due 2027. The company issued a notice to redeem all $1.2 billion aggregate principal amount of these notes on December 16, 2025 at a price equal to 100% of principal, plus accrued and unpaid interest up to, but excluding, the redemption date. The redemption will only occur if Herc completes new financing on terms it finds satisfactory and that generates enough proceeds to pay the full redemption price.

Insights

Corporate debt and capital structure analyst

Herc plans to refinance $1.2B of 5.50% 2027 notes, subject to new financing.

Herc Holdings intends to redeem all of its 5.50% Senior Notes due 2027, totaling $1.2B in principal, at par plus accrued interest on December 16, 2025. This is a full takeout of a specific debt tranche, which typically reflects a broader capital structure management decision, such as refinancing or altering maturity and interest profiles.

The redemption is explicitly conditioned on completing a new financing on terms satisfactory to the company and large enough to fund the redemption price. This means the outcome depends on market conditions and Herc’s ability to raise capital on acceptable terms, rather than being a guaranteed event as of the notice date. Investors can look to subsequent disclosures around the planned December 16, 2025 redemption date for confirmation of financing completion and any details on the replacement debt.

HERC HOLDINGS INC false 0001364479 0001364479 2025-12-01 2025-12-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 1, 2025

HERC HOLDINGS INC.

(Exact name of registrant as specified in its charter)

Delaware		001-33139		20-3530539
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

27500 Riverview Center Blvd.

Bonita Springs, Florida 34134

(Address of principal executive offices and zip code)

(239) 301-1000

(Registrant’s telephone number, including area code)

N/A

(Former name or former address,

if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01 per share		HRI		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01 OTHER EVENTS.

On December 1, 2025, Herc Holdings Inc. (the “Company”) issued a notice of conditional full redemption to redeem all $1,200 million aggregate principal amount of its outstanding 5.50% Senior Notes due 2027 (the “Redemption”) on December 16, 2025, subject to the satisfaction of the conditions set forth therein, for a redemption price equal to 100.00% of the principal amount outstanding, plus accrued and unpaid interest thereto, but excluding, the redemption date. The Redemption is conditioned upon the completion of a financing on terms and conditions satisfactory to the Company and yielding proceeds sufficient to pay the redemption price.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit Number		Description
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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 and Chief Financial Officer

Date: December 1, 2025

FAQ

What action did Herc Holdings (HRI) announce regarding its debt?

Herc Holdings announced a notice of conditional full redemption for all of its 5.50% Senior Notes due 2027, planning to redeem the entire $1.2 billion aggregate principal outstanding.

What is the planned redemption date for Herc Holdings 5.50% Senior Notes due 2027?

The company set December 16, 2025 as the planned redemption date for the 5.50% Senior Notes due 2027, subject to satisfaction of the stated conditions.

At what price will Herc Holdings redeem the 5.50% Senior Notes due 2027?

Herc Holdings plans to redeem the notes at 100.00% of the principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date.

What condition must be met for Herc Holdings note redemption to occur?

The redemption is conditioned on Herc completing a financing on terms and conditions satisfactory to the company that generates proceeds sufficient to pay the full redemption price.

How large is the Herc Holdings 5.50% Senior Notes due 2027 issue being redeemed?

The redemption notice covers all of the outstanding $1.2 billion aggregate principal amount of Herc Holdings 5.50% Senior Notes due 2027.

What interest rate do Herc Holdings Senior Notes due 2027 carry?

The Senior Notes being targeted for redemption bear interest at a fixed rate of 5.50% and are scheduled to mature in 2027 absent redemption.