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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
It strips. It cleans. And it’s compact. Herc Rentals’ 8-inch shot blaster offers excellent mobility and saves operators’ time on small to midsize applications. Shot blasting is a one-step method for stripping cleaning and profiling floors in preparation for coatings and overlays. The blasting produces a rough flooring texture that improves adhesion of decorative toppings.
Features and applications include:
- Height-adjustable handle with built-in operator controls
- Front swivel casters increase maneuverability and control
- Maximizes separation of dust from the abrasive
- Up to 430 sq.-ft./hour blasting capacity
- Optional blast-reduction liners reduce blast-pattern width from 8-inches to 6, 4, or 2-inches
- In addition to prepping floors, shot blasters are also used for removing dirt, grime and chemical contaminants from large areas and a solid choice for floor care in sensitive areas such as food preparation facilities and manufacturing plants
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