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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 all your drilling jobs easier and faster with Herc Rentals air drills. Our air drills have industrial grade chucks and keyless chuck versions that are extra tough for drilling, sawing, valve guide reaming, cylinder honing and wire brushing. And, unlike heavier electric drills, pneumatic drills feature fewer parts, require less maintenance and provide more power and operator comfort.
Features and applications include:
- Quick-change keyless cutter system
- Pistol grip and trigger design that provides more comfort for longer continued use
- Integrated cutting-oil reserve
- Automatic internal lubrication - Ideal for the automotive industry, manufacturing and more
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|MAKE||MODEL||TYPE||SIZE||CFM @ 90 PSI||RPM||CAT-CLASS|
|CS Unitec||22404001||Rotary||3"||31||0-625 rpm||100-1180|
|CS Unitec||MAB 525||Magnetic||2 - 2-1/2"||-||580 rpm||130-1250|
|CS Unitec||ECO80AK||Magnetic||3"||-||4 speed||130-1260|