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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
Clean large, filthy floors fast with Herc Rentals scrubbers. Just-cleaned floors are hygienic, dry and safe for traffic in seconds. With Herc Rentals scrubbers, you can triple your scrub time on a single tank of water while also reducing the risk of slip-and-fall accidents through reduced chemical usage. Whether choosing a small, walk behind scrubber with cleaning widths of 15-inches or a large ride-on scrubbers with cleaning widths of 36-inches, these units, also known as floor burnishers, are ideal for cleaning and polishing floors in commercial buildings, malls, airports, hospitals and schools.
Features and applications include:
- Tennant T16 controls allow operator to change settings without removing hands from steering wheel
- Break-away rear squeegee on Tennant T16 and 5680 Walk-Behind - Non-marking tires
- Ergonomically-designed, durable and easy to use
- More than three-hours of continuous run time
- T1B micro-scrubber is ideal for building entryways, supermarket check-out aisles and more
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|MAKE||MODEL||CLEANING WIDTH||SOLUTION TANK||RECOVERY TANK||TRAVEL SPEED||WEIGHT||POWER||CAT-CLASS|
|Tennant||T1b||15"||2.5 Gallons||3.4 Gallons||-||110 lbs||Battery||105-3702|
|Tennant||T600E||32"||32 Gallons||37 Gallons||3.3 mph||1,036 lbs||Battery||105-3715|
|Tennant||T16 Ride-on||36"||50 Gallons||60 Gallons||5.6 mph||2,800 lbs||Battery||105-3720|
|Tennant||T20 Ride-on||40"||80 Gallons||95 Gallons||8 mph||4,900 lbs||Propane / 55 hp||105-3740|