Herc Holdings Amends Existing $3.5 Billion ABL Credit Facility
03.28.25
This is only gets display when printing
The Firm represented Herc Holdings Inc. (“Herc Holdings”) in connection with an amendment to its existing $3.5 billion senior secured ABL credit facility (the “ABL Credit Facility”). The amendment, among other things, amends the ABL Credit Facility to permit the consummation of the previously announced acquisition by the Herc Holdings of all of the issued and outstanding shares of H&E Equipment Services, Inc.’s common stock, including to allow for the incurrence of indebtedness and related liens in connection therewith.
Founded in 1965, Herc Holdings, which operates through its subsidiary Herc Rentals Inc., is a one of North America’s leading equipment rental suppliers with 453 locations across North America, with 2024 total revenues of approximately $3.6 billion.
The Simpson Thacher team included Katie Reaves, Dennis Durkin, Alexandra Cullen and Sally Jo (Banking & Credit).