Simpson Thacher recently represented Herc Holdings Inc. in connection with its private offering of $800 million aggregate principal amount of 6.625% Senior Notes due 2029.
Herc Holdings intends to use the net proceeds to repay a portion of the indebtedness outstanding under its senior secured asset-based revolving credit agreement and to pay related fees and expenses.
Herc Holdings, which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 412 locations across North America, and 2023 total revenues of approximately $3.3 billion. Herc Holdings offers products and services aimed at helping customers work more efficiently, effectively, and safely.
The Simpson Thacher team included Joshua Bonnie, Katharine Thompson, Jonathan Ozner, Aarthy Thamodaran, Samantha Sergent, Brice Stewart and Toyin Edogun (Capital Markets); Jonathan Cantor, Benjamin Rippeon and Michael Slomovics (Tax); Christopher Brown and Tina Zheng (Banking and Credit); Marisa Geiger and Paige Brinton (Intellectual Property); and Pasco Struhs (ECEB).