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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
Sturdy, reliable, capable and designed with user comfort in mind, Herc Rentals portable band saws are ideal for professionals and occasional users alike. Less noisy and messy than a chop saw, this Herc Rentals band saw cuts through quarter-inch steel like it’s plywood.
Features and applications include:
- Ergonomic soft grip back handle provides comfort during use
- LED sight light allows the user to see cut line in dark jobsite environment
- Powerful 10 amp motor is designed to take on various job site applications and cutting regular stock up to 5-inches deep
- Variable speed dial allows operator to vary speed for specific materials and applications
- Ideal for cutting through wood, aluminum, stainless steel, copper, bronze and more
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