Herc (HRI) said late Tuesday it priced $600 million of 5.75% senior unsecured notes due 2031 and $600 million of 6% senior unsecured notes due 2034.
The offering is expected to close on Dec. 16.
Net proceeds will be used, together with borrowings under its asset-based lending credit facility, to redeem $1.2 billion of 5.5% senior notes due 2027 and pay related fees and expenses, according to the company.
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