NYSE:HRITrade Distributors
Did Herc’s US$1.2 Billion Note Refinancing Just Shift Herc Holdings' (HRI) Investment Narrative?
In December 2025, Herc Holdings Inc. issued US$600 million of 5.750% senior unsecured notes due 2031 and US$600 million of 6.000% senior unsecured notes due 2034, using the proceeds and other borrowings to redeem its outstanding US$1.20 billion 5.50% Senior Notes due 2027 and cover related fees and expenses.
This refinancing reshapes Herc’s debt profile by extending maturities and modestly increasing coupon costs, with senior unsecured guarantees that influence both its credit risk and...