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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
Turn night into day with Herc Rentals’ metal halide tow behind light towers. With vertical and horizontal mast heights ranging from 23- to 30-feet and four, fully-rotational 1,050-watt metal halide lights, no one will have a dim view of your nighttime job site any more.
Features and applications include:
- Kubota diesel engine
- Large 43-gallon fuel tank
- Four-point outrigger stance withstands winds up to 65 mph (105 kph)
- Run times range from 64 hours with the 30-foot mast model to 90 hours with the 23-foot mast model
- Ideal for construction, road projects, parking lot security, nighttime special events and much more
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|MAKE||MODEL||TYPE||HEIGHT||MAST TYPE||GENERATOR||POWER||LIGHTS||RUN TIME||WIND RATING||CAT-CLASS|
|Generac Mobile||MLT6SK||Towable||23'||Vertical||6 kW||Kubota Diesel||(4) 1,050w Metal Halide||90 hrs max||65 mph||510-1030|
|Generac Mobile||MLT3060K||Towable||30'||Horizontal||6 kW||Kubota Diesel||(4) 1,050w Metal Halide||64 hrs max||65 mph||510-1035|