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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
Cut through just about anything, anywhere with Herc Rentals air saws. Because these saws are powered by air, they are ideal for working in wet environments. Herc Rentals pneumatic portable band saws are engineered to quickly and cleanly cut through a variety of metals up to 4-3/4 inches, while our air circular saws, when equipped with the proper blade, can rip through concrete, granite, heavy sections of aluminum, steel tubing and more. If you need a fast, accurate saw for irregular cuts in wood, composition board, pipe, conduits or downspouts, Herc Rentals reciprocating saws are your answer. Herc Rentals hacksaws, meanwhile, are great for cutting in confined spaces and offer the ability to cut through pipe, tanks, structural steel and more.
Features and applications include:
• Self-locking throttle
• Built-in lubricator
• Adjustable depth and angle of cuts
• 3" depth of cut for circular saw
• 5/8" length of stroke for reciprocating saw
• 2-3/8" stroke for hack saw
• Ideal for wet or challenging environments like shipyards, refineries, chemical plants, utilities, pipelines, construction, grain silos, mining, offshore oil and demolition
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|MAKE||MODEL||TYPE||BLADE SIZE||CFM @ 90 PSI||CAT-CLASS|
|CS Unitec||5 1212 0010||Hack saw||2-3/8"||51||120-3620|
|CS Unitec||5 6003 0010||Portable Band||44-7/8" x 1/2"||21||120-3630|