Herc Holdings Announces Tender Offer for H&E Equipment Services
Bonita Springs, FL – March 19, 2025 – Herc Holdings Inc. (NYSE: HRI) announced that its subsidiary, HR Merger Sub Inc., has launched a tender offer to acquire H&E Equipment Services, Inc. for $78.75 per share in cash and 0.1287 shares of Herc common stock per H&E share.

The offer is part of a previously announced merger agreement.
The tender offer officially commenced on March 19, 2025.
The deal aims to strengthen Herc’s market position in equipment rental and services.
A press release with additional details has been filed as Exhibit 99.1. Herc Holdings advises H&E stockholders to review all offer materials before making a decision.

Herc Holdings Inc. Amends Credit Facility to Support H&E Equipment Services Acquisition
Bonita Springs, FL – March 11, 2025 – Herc Holdings Inc. (NYSE: HRI) announced that it has amended its senior secured asset-based revolving credit facility to facilitate its previously announced acquisition of H&E Equipment Services, Inc.

Key Highlights of the Amendment:
The Third Amendment to the ABL Credit Facility allows Herc Holdings to consummate the acquisition of all outstanding shares of H&E Equipment Services, Inc.
The amendment permits the incurrence of additional debt and related liens in connection with the transaction.
The credit facility, originally established on July 31, 2019, had been previously amended in July 2022 and April 2024.
This amendment is a critical step in finalizing the H&E acquisition, strengthening Herc Holdings' position in the equipment rental industry.

Herc Holdings Inc. and H&E Equipment Services, Inc. announced that H&E has terminated its previous merger agreement with United Rentals, Inc. and entered into a definitive merger agreement with Herc Holdings. The acquisition will bring H&E under Herc Holdings' ownership. The companies issued a joint press release on February 19, 2025, confirming the agreement.