Herc Holdings Inc (HTZ.N) Key Developments | Reuters.com
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Herc Holdings Inc (HTZ.N)

HTZ.N on New York Stock Exchange

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30 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Hertz Global Holdings receives $2 bln proceeds from separation of equipment rental business
Thursday, 30 Jun 2016 05:01pm EDT 

Hertz Global Holdings Inc : Hertz Global Holdings receives $2 billion proceeds from separation of equipment rental business . Will use proceeds to pay down a portion of its corporate debt . Hertz Global board of directors has authorized a $395 million share repurchase program . Executed series of debt transactions since beginning of year to reduce interest expense and extend corporate debt maturity schedule dates .Interest expense expected to decline by about $45 million in h2 of 2016, about $90 million in 2017 related to debt reduction associated with spin proceeds, redemption of 7.5% senior notes.  Full Article

Hertz Global to supply Uber with rental cars in U.S.
Thursday, 30 Jun 2016 07:45am EDT 

Hertz Global Holdings : Hertz Global Holdings reaches U.S. supply agreement with Uber Technologies for rental cars . Initially, Hertz is supplying partners in Los Angeles area with other markets expected to follow as part of national agreement . Agreement provides set rates for partners, who can rent from specified off-airport Hertz locations that give on-site support .Hertz Global Holdings Inc says cars can be used for personal driving as well as for Uber business.  Full Article

Hertz Global to supply Lyft with rental cars in U.S.
Thursday, 30 Jun 2016 07:45am EDT 

Hertz Global Holdings Inc : Hertz Global Holdings reaches U.S. supply agreement with Lyft for rental cars . Hertz Global Holdings Inc says Hertz will begin renting cars to Lyft drivers in Los Angeles and San Francisco with more markets expected to follow .Hertz Global Holdings Inc says cars can be used for both Lyft business and personal driving.  Full Article

Carl Icahn reports 15.24 pct stake in Hertz Global Holdings
Tuesday, 7 Jun 2016 06:27am EDT 

Hertz Global Holdings Inc :Carl Icahn reports 15.24 percent stake in Hertz Global Holdings as of June 6 versus 14.34 percent stake reported earlier as of Dec 7 2015 - SEC filing.  Full Article

Hertz says Herc Holdings board set following separation from Hertz rental car business
Monday, 6 Jun 2016 08:35am EDT 

Hertz Global Holdings Inc :Board of directors for Herc Holdings Inc set following separation from Hertz rental car business.  Full Article

Hertz Global to separate car rental and equipment rental businesses
Monday, 6 Jun 2016 08:30am EDT 

Hertz Global Holdings Inc : Hertz global holdings board of directors approves separation of car rental and equipment rental businesses and sets record date . On july 1, 2016 , new hertz global holdings will begin regular-way trading on nyse under existing htz symbol . Says emerging from transaction will be two companies: a new hertz global holdings inc and herc holdings inc . On july 1, 2016 , herc holdings will begin regular-way trading on nyse under symbol hri . Hertz global holdings inc says expected members of board of directors for herc holdings were named . Says Herc Holdings Board Will Be Led By Non-Executive chairman herbert henkel .Larry silber will be president and chief executive officer for herc holdings.  Full Article

Hertz Global Holdings prices private offering of $848.4 million notes
Wednesday, 1 Jun 2016 05:52pm EDT 

Hertz Global Holdings Inc : Expected maturities of series 2016-3 notes and series 2016-4 notes are July 2019 and July 2021 , respectively .Hertz Global Holdings announces pricing of private offering of $848.4 million medium term rental car asset backed notes.  Full Article

Hertz Global says in 2016, expect to benefit from continued growth in non-oil, gas markets
Tuesday, 24 May 2016 09:10am EDT 

Hertz Global Holdings Inc : Believe that North American equipment rental industry is expected to grow at 5.3% compound annual between 2016-2019 . In particular, in 2016, expect to benefit from the continued growth in non-oil and gas markets Source (http://bit.ly/1OKW7Gg) Further company coverage: [HTZ.N] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

Hertz CRO Foland Jeffrey reports open market purchase of 65,000 shares at $7.63/shr
Tuesday, 17 May 2016 07:16am EDT 

Hertz Global Holdings Inc :CRO Foland Jeffrey T reports open market purchase of 65,000 shares of co's common stock at an average price of $7.63 on may 13 Sec filing.  Full Article

Hertz Global Q1 loss per share $0.12
Monday, 9 May 2016 05:23pm EDT 

Hertz Global Holdings Inc : Affirms full-year 2016 adjusted corporate ebitda guidance between $1.6 billion to $1.7 billion . Hertz global holdings inc says q1 worldwide car rental revenues of $1.8 billion declined approximately 6% versus q1 2015 . Qtrly worldwide car rental average fleet declined 4% versus q1 of 2015 while fleet efficiency rose to 77% . Hertz global holdings inc says q1 unit revenues, as defined by revenue per available car day (RACD), declined 2% versus q1 2015 . On pace to achieve its previously announced target of $350 million of full-year 2016 cost savings . Hertz global holdings inc says remain on track to deliver on our adjusted corporate ebitda target for 2016 . Affirmed worldwide equipment rental segment full-year 2016 adjusted corporate ebitda guidance between $600 million and $650 million . Sees adjusted earnings per share $0.95 to $1.10 . Fy2016 earnings per share view $0.95 -- Thomson Reuters I/B/E/S . Hertz global holdings reports first quarter 2016 financial results . Q1 adjusted loss per share $0.12 . Q1 loss per share $0.12 . Q1 revenue $2.3 billion versus i/b/e/s view $2.38 billion .Q1 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Hertz Global Holdings receives $2 bln proceeds from separation of equipment rental business

* Hertz Global Holdings receives $2 billion proceeds from separation of equipment rental business