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Herc Holdings Inc. (NYSE:HRI), an equipment rental company with a market capitalization of $4.3 billion and current stock price of $129, announced Thursday that it has entered into a sixth amendment to its receivables financing agreement, according to a statement filed with the Securities and Exchange Commission.
The amendment, executed on August 29, 2025, involves Herc Rentals Inc., its receivables subsidiary Herc Receivables U.S. LLC, Credit Agricole Corporate and Investment Bank as administrative agent, and a group of lenders. The receivables financing agreement allows Herc Receivables U.S. LLC to borrow funds secured by liens on its receivables and related assets. According to InvestingPro data, the company maintains a current ratio of 1.15 and carries a debt-to-equity ratio of 5.17.
Under the terms of the sixth amendment, the commitment and unallocated allocation have been amended to provide greater borrowing availability for the company. In addition, the maturity date of the receivables financing agreement has been extended to August 31, 2026.
Herc Holdings, which operates in the equipment rental and leasing sector, has amended this agreement annually since 2020. The company is incorporated in Delaware and is headquartered in Bonita Springs, Florida.
This information is based on a press release statement included in the company’s SEC filing.
In other recent news, Herc Holdings Inc. reported its financial results for the second quarter of 2025, showing a mixed performance. The company missed its earnings per share (EPS) estimate, reporting $1.87 compared to the expected $2.05, a shortfall of 8.78%. However, Herc Holdings exceeded revenue forecasts, achieving $1 billion in revenue against the anticipated $876.23 million, resulting in a positive surprise of 14.13%. Additionally, the Board of Directors declared a quarterly dividend of $0.70 per share, payable on September 5, 2025, to shareholders on record as of August 22, 2025. These developments highlight the company’s ongoing financial activities and strategic decisions.
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