Latham & Watkins Advises on Herc Holdings Inc.’s US$1.2 Billion Senior Notes Offering

Herc Holdings, Inc. (NYSE: HRI), a full-line rental supplier, announced that it has priced US$600 million aggregate principal amount of 5.750% senior unsecured notes due 2031 and US$600 million aggregate principal amount of 6.000% senior unsecured notes due 2034 in a private offering exempt from the registration requirements of the Securities Act of 1933. The closing of the offering is expected to occur on or about December 16, 2025, subject to customary closing conditions.

Latham & Watkins LLP represents the initial purchasers in the offering with a Capital Markets team led by partners Ian Schuman and Chuck Cassidy, with associates Connor Adams and Ari Anderson and assistance from Samantha Gould. Advice was also provided on tax matters by partner Eric Cho, with associate Kathryn Harrington.