Herc Holdings extends receivables facility to 2027

Rhea-AI Filing Summary

HERC HOLDINGS INC (HRI) disclosed that its subsidiary Herc Rentals Inc., together with its wholly owned special purpose vehicle Herc Receivables U.S. LLC, entered into a Ninth Amendment to an existing Receivables Financing Agreement with Credit Agricole Corporate and Investment Bank and a lender group on August 31, 2026.

The Ninth Amendment increases the commitments and uncommitted allocations to provide greater borrowing availability and extends the maturity date of the receivables financing facility until August 31, 2027. The full text of Amendment No. 9 is filed as Exhibit 10.1.

Filing Explained

The amendment expands secured, conditional borrowing capacity through a wholly owned receivables vehicle, but discloses no added amount or draw.

On August 31, 2026, Herc Rentals Inc. and its wholly owned receivables subsidiary executed the Ninth Amendment, leaving borrowing subject to the facility’s conditions and secured by liens on the subsidiary’s receivables and other assets.

Herc Rentals Inc. remains the servicer and performance guarantor, while the receivables subsidiary is the borrower under the arrangement.

The filing describes amended borrowing terms, not a borrowing under the amendment or proceeds received, and it does not quantify the increased commitments or allocations.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Ninth Amendment execution date: August 31, 2026 Receivables facility maturity date: August 31, 2027 Amendment number: 9 +1 more

4 metrics

Ninth Amendment execution date August 31, 2026 Date the Ninth Amendment to the Receivables Financing Agreement was entered into

Receivables facility maturity date August 31, 2027 New maturity date of the Receivables Financing Agreement after the Ninth Amendment

Amendment number 9 The filing describes this change as the Ninth Amendment to the Receivables Financing Agreement

Key exhibit number 10.1 Exhibit number for Amendment No. 9 to Receivables Financing Agreement

Key Terms

Receivables financing agreement, special purpose vehicle, Administrative Agent, uncommitted allocations, +1 more

5 terms

Receivables financing agreement financial

"entered into a receivables financing agreement (as amended, the “RFA”)"

special purpose vehicle financial

"Herc Receivables U.S. LLC, a special purpose vehicle wholly-owned"

A special purpose vehicle (SPV) is a separate legal entity created to isolate financial risk or hold specific assets, much like a dedicated safe for a particular investment or project. Investors pay attention to SPVs because they can influence how risks and rewards are managed, and sometimes they are used to structure transactions more efficiently or hide certain financial details.

Administrative Agent financial

"Credit Agricole Corporate and Investment Bank (“CACIB”), as Administrative Agent"

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

uncommitted allocations financial

"increases the commitments and uncommitted allocations to provide greater borrowing"

material definitive agreement regulatory

"ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT"

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

FAQ

What financing change did HRI announce in this 8-K?

HRI reported that its rental subsidiary entered into a Ninth Amendment to its Receivables Financing Agreement, which increases commitments and uncommitted allocations to provide greater borrowing availability and extends the facility’s maturity.

When does Herc Holdings’ amended receivables facility now mature?

The Ninth Amendment extends the maturity date of the Receivables Financing Agreement until August 31, 2027, providing an additional year of committed receivables-based financing relative to the prior term.

Who are the key parties to HRI’s amended Receivables Financing Agreement?

The agreement involves Herc Rentals Inc. as servicer and performance guarantor, Herc Receivables U.S. LLC as the special purpose vehicle borrower, Credit Agricole Corporate and Investment Bank as Administrative Agent, and the Lenders party to the facility.

What collateral secures Herc Holdings’ receivables financing facility?

Loans under the Receivables Financing Agreement are secured by liens on the receivables and other assets of Herc Receivables U.S. LLC, the special purpose vehicle wholly owned by the rental subsidiary.

Where can investors find the full terms of Herc Holdings’ Ninth Amendment?

The complete text of the Ninth Amendment, titled Amendment No. 9 to Receivables Financing Agreement, is filed as Exhibit 10.1 to this Form 8-K and is incorporated by reference.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 04:17 PM Accepted by SEC EDGAR 09/03/2026 - 04:10 PM Learn about SEC filing dates

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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): August 31, 2026

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)

(I.R.S 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 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.  ☐

1

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 31, 2026, the Company, the Receivables Subsidiary, CACIB and the Lenders entered into a Ninth Amendment (the “Ninth Amendment”) to the RFA. The Ninth Amendment, among other things, increases the commitments and uncommitted allocations to provide greater borrowing availability and extends the maturity date of the RFA until August 31, 2027.

The foregoing description of the Ninth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Ninth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit Number						Description
10.1						Amendment No. 9 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:
			Name:			Mark Humphrey
			Title:			Senior Vice President and Chief Financial Officer

Date:  September 3, 2026

3

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 1.2 MB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.3 KB