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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
Discover your piping problem with pipe locators. Whether you’re an experienced pro or a first-time user, you can quickly locate inspection cameras, sondes, active power lines and utility lines with pinpoint accuracy. With 100 sensitivity levels, the Gen-Eye Digital Pipe Locator will give you the ability to zero in on the transmitter’s signal. This tool’s LCD display panel produces a clear digital readout, graphic display and an audible tone.
Features and applications include:
- Faster and more precise than analog locators
- Battery power up to 30 hours
- Ideal for locating almost anything underground with its built-in four-way signal finder, including power lines
- When paired with Gen-Eye camera, you’ll be able to find it even when the camera is inside a cast iron pipe; when the locator is on, it searches for signals transmitted from the camera
- Easy-to-see auto backlit LCD display shows you the way with arrows that point you in the right direction every time
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|General||GL-100||125-1610||Pipe Locator||LCD||N/A||5 lbs|
|Vivax Metrotech||VM-880||100-7050||Ferrous Metal Detector||Digital||Mini USB||1.54 lbs|
|General||GL-175||125-1615||Line Locator Transmitter||LCD||Cables and Ground Clamp included||8 lbs|