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Dear Colleagues, Customers and Friends,
We have received a few inquiries regarding Hertz Global Holdings’ recent announcement about its financial outlook. We want to make clear that we are two separate and independent public companies.
Since the spin-off in 2016, Herc Holdings Inc., an equipment rental business operating through its Herc Rentals Inc. subsidiary, has been operationally and administratively independent of Hertz. Our companies are governed by different boards of directors and we each operate in different sectors and serve different customers.
Herc Holdings Inc. recently reported first quarter results ending March 31, 2020 and provided an update regarding the impact of the COVID-19 pandemic on operations. Our financial position and balance sheet are strong, and our debt is rated B1 by Moody’s and B+ by S&P. We have ample liquidity of $1.1 billion, and our net debt totaled $2.1 billion with a net leverage ratio of 2.7x.
We are well-financed, we have ample liquidity, and we have the fleet available. We are committed to serving the equipment needs of our customers and our communities safely, efficiently and effectively.
Should you have any questions about our services or equipment for rent, please contact your customer sales representative or call 800-654-6659.
President and Chief Executive Officer
Make sure your air compressor is operating at maximum efficiency with Herc Rentals aftercoolers and dryers. These two pieces of equipment work in tandem to remove hot air and water vapor. When compressed air is discharged from an air compressor it’s hot and loaded with water vapor. Aftercoolers reduce the temperature of the compressed air but leave a substantial amount of moisture behind. That’s where the dryers come in. Air dryers provide continuous dry air to the compressed air supply line.
Features and applications include:
- Reduced risk of fire
- Reduced compressed air moisture level
- Increase system capacity
- Protects downstream equipment from excessive heat
- Air driven motor fan
- 2-stage filtration, moisture and particulate
- 2- to 3-inch NPT male inlet and discharge connections
- After filter to remove desiccant dust - Float-type drains on prefilter
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|MAKE||MODEL||CAT-CLASS||FLOW (CFM)||MAX INLET PRESSURE||POWER||DIMENSIONS (LWH)||WEIGHT (lbs)|
|Hankinson||RDH450GAC||140-2310||450 to 650||250 psi||120v||70" x 50" x 82"||2,200|
|Hankinson||RDH-930 AC||140-2330||750 to 1,000||150 psi||120v||71" x 75" x 80"||3,800|
|Hankinson||RDH-HP-1550GAC||140-2350||1,200 to 1,600||350 psi||120v||83" x 78" x 87"||6,000|