Herc Holdings Announces Private Offering for Acquisition

An update from Herc Holdings ( (HRI) ) is now available.

On May 15, 2025, Herc Holdings Inc. announced a private offering of senior unsecured notes to finance its proposed acquisition of H&E Equipment Services, Inc. The offering includes $1,650 million of notes due 2030 and $1,100 million of notes due 2033, with proceeds to be used for the acquisition, redemption of H&E’s existing debt, and related expenses. If the offering does not close concurrently with the acquisition, proceeds will be held in escrow until conditions are met. Upon acquisition closure, the notes will be guaranteed by Herc’s subsidiaries, including H&E’s, enhancing Herc’s market position and financial strategy.

The most recent analyst rating on (HRI) stock is a Hold with a $155.00 price target. To see the full list of analyst forecasts on Herc Holdings stock, see the HRI Stock Forecast page.

Spark’s Take on HRI Stock

According to Spark, TipRanks’ AI Analyst, HRI is a Neutral.

Herc Holdings’ overall stock score reflects strong revenue growth and strategic acquisitions as key strengths. However, profitability pressures, negative free cash flow, and high valuation present significant risks. Technical indicators suggest caution due to potential downward momentum. The company’s long-term strategy appears promising, but near-term challenges such as local market conditions and integration risks from recent acquisitions weigh on the outlook.

To see Spark’s full report on HRI stock, click here.

More about Herc Holdings

Herc Holdings Inc., operating through its subsidiary Herc Rentals Inc., is a full-line rental supplier with 453 locations across North America. In 2024, the company reported total revenues of approximately $3.6 billion. Herc Holdings offers a wide range of products and services aimed at enhancing customer efficiency, effectiveness, and safety, including aerial, earthmoving, material handling, and other equipment. The company also provides industry-specific solutions through its ProSolutions offering, which includes power generation, climate control, and other specialized equipment.

Average Trading Volume: 638,799

Technical Sentiment Signal: Hold

Current Market Cap: $3.83B

See more data about HRI stock on TipRanks’ Stock Analysis page.