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Herc Holdings Announces Pricing of $2.75 Billion of Senior Unsecured Notes Offering

1. Herc Holdings priced $2.75 billion in senior unsecured notes. 2. The notes have fixed interest rates of 7.000% and 7.250%.

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FAQ

Why Bullish?

The issuance of senior unsecured notes indicates strong market confidence. Historical data shows similar offerings have led to price appreciation.

How important is it?

The successful capital raise reflects operational strength and supports future growth initiatives, which can positively impact HRI's stock.

Why Short Term?

This type of capital raise typically has immediate effects on liquidity and market perception. Similar cases show significant short-term movements post-announcement.

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HRI
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) (“Herc” or the “Company”) today announced today announced that it has priced $1,650 million aggregate principal amount of 7.000% senior unsecured notes due 2030 (the “2030 notes”) and $1,100 million aggregate principal amount of 7.250% senior unsecured notes due 2033 (the “2033 notes” and, together with the 2030 notes, the “notes”) in a private offering (the “Offering”) exempt from the registration requirements of the Securit.

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