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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
Shine a light in the dark corners of hazardous work locations with Herc Rentals work lights and stringlights. Our hanging work lights use fluorescent bulbs that generate minimal heat that make them ideal for use in confined spaces, while our explosion-proof stringlights are designed and approved to be used in hazardous locations by incorporating incandescent explosion-proof hand lamps into sturdy t-drops and cable. Our versatile, rugged and powerful LED explosion-proof mountable lights are ideal for industries ranging from ship building, aviation to power generation and refineries.
- Stringlights are 50-feet long and feature lights every 10 feet
- Hanging holes above each socket on stringlights
- Interchangeable anti-glare diffusers-color filters
- Thermal temperatures rated at T5
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|LIND||XP65LED-50P||LED Tubular Inspection Light||120V||1 x 250||cULus Certified for Class I, Division 1, Group D, Class II, Division 1, Goup G.||110-2043|
|LIND||TLS80XPLEDRE-LV||Low Voltage String Linght 80' LED||12V||8 x 800||cQPSus listed for Class I, Division 1, Groups C & D Hazardous locations (CSA and UL standards)||110-2055|
|LIND||XP162LED-50P||Hand Lamp LED 50' Cord||120V||1 x 800||cUL Certified for class I, Division 1, Groups D, class II, DIvision 1, Group G||110-2000|
|Wolf Safety||A-TL45A||Flood Light||Compressed Air||1 x 6000||Class 1 Div 1 Groups A, B, C, D.||110-2040|