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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
With more than a dozen models of dozers in the Herc Rentals' fleet, no job is too tough for these bulls. Providing exceptional reliability, power and torque, these dozers feature a low center of gravity, high ground clearance and a cab-forward design that allows for unrivaled operator visibility.
Features and applications include:
• Ergonomic and easy-to-use controls
• Large fuel tanks to allow for increased time on the job site and less time refueling
• Ideal for construction, utility work and more
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|MAKE||MODEL||ENGINE||BLADE WIDTH||HORSE POWER||TRAVEL SPEED||DIMENSIONS (LWH)||WEIGHT||CAT CLASS|
|John Deere||450K||Deere 4.5L||9' 7"||80||5 mph||13' 2" x 9' 7" x 9' 2"||18,550 lbs||250-1140|
|John Deere||650K||Deere 6.8L||10' 4"||104||5 mph||14' x 10' 4" x 9' 2"||22,150 lbs||250-1340|