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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
If your building has suffered water damage from broken pipes or flooding, then desiccant dehumidifiers are the solution. Instead of using condensation on cold evaporator coils to remove humidity from the air, desiccant dehumidifiers remove moisture from the air using the chemical desiccant, thereby preventing corrosion, mold and mildew formation.
Features and applications include:
- More effective at very low temperatures than
refrigerator coil style units
- Electric, gas and propane models are available
- Fits through standard sized doors
- 395-7,500 CFM units available
- Up to 735 gallons per day moisture removal
- Ideal for water damage restoration, construction drying and industrial condensation prevention
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|MAKE||MODEL||MOISTURE REMOVAL (MAX)||MOISTURE REMOVAL (AT AHAM)||CFM RATING||AMP RATING||DIMENSIONS (LWH)||WEIGHT||CAT-CLASS|
|Dri-Eaz||DriTec 4000i||N/A||14 Gal/Day||395||12 or 24||20" x 21" x 33"||95 lbs||719-2060|
|Phoenix||D850||62 Gal/Day||46 Gal/Day||850||30 or 50||23" x 20" x 41"||153 lbs||719-2080|
|Arid-Dry||MS-2400||230 Gal/Day||158 Gal/Day||2,400||60||92" x 35" x 63"||1,110 lbs||719-1010|
|Arid-Dry||MS-7500||735 Gal/Day||577 Gal/Day||7,500||179||100" x 50" x 96"||4,400 lbs||719-1030|