Herc Holdings' $1.2B Note Offering Boosts Stock
Update: 2025-12-03
Description
Herc Holdings stock price surged by 4.5% following a $1.2 billion senior notes offering and a key leadership promotion. The company plans to use the funds to pay off existing debt, indicating confidence in its financial management. Despite a challenging year, long-term investors have seen significant growth, with a $1,000 investment in Hercs shares five years ago now worth $2,274.
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