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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
UV-C LEDs are a scientifically proven method of killing harmfulviruses and bacteria. Due to the current shortage of personalprotective equipment (PPE), the CDC has approved the re-useof PPE, but only if specific decontamination methods are used.
UV-C light has been approved as an official PPEdecontaminating method by the CDC.
The LIND Apollo UV-C LED light will be following the requirements of theUniversity of Nebraska protocol, which establishes a standard method fordecontaminating PPE.
- Multiple mounting options
- Can be used on a standard power outlet
- Light turns on and off instantly (no wait time)
- Easy to set up and extremely versatile
- Rugged, durable and dependable
- Built with steel construction and UV resistant coating
- No heat produced by the LED lights
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