10:26 AM EST, 12/02/2025 (MT Newswires) -- Herc Holdings ( HRI ) said Tuesday it intends to issue $1.2 billion in senior unsecured notes through a private offering, with maturities in 2031 and 2034.

The company said it plans to use the proceeds to fully redeem its $1.2 billion of 5.50% notes due 2027 and cover associated costs.

The notes will be senior unsecured obligations and will be guaranteed by the company's current and future U.S. subsidiaries, including Herc Rentals, it added.

Final terms and pricing will be set based on prevailing market conditions.

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