HERC HOLDINGS INC: Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (Form 8-K)
ARTICLE 1.01 ENTERING INTO A MATERIAL DEFINITIVE AGREEMENT.
The first amendment was executed primarily to increase the total amount of revolving credit commitments to
A new section has been added to the ABL Credit Facility to provide that the Company, in consultation with a sustainability coordinator, may establish key performance indicators (“KPIs”) with respect to certain environmental, social and governance of the Company and its subsidiaries, which, if mutually agreed, may be incorporated into the ABL Credit Facility through an amendment (an “ESG Amendment”). Upon entry into force of an ESG amendment, the commitment fee and spreads applicable to revolving loans may be increased or decreased within certain limits based on performance against KPIs.
The preceding description of the First Amendment is included to provide information regarding its terms. It does not purport to be a complete description and is qualified in its entirety by reference to the full text of the First Amendment, which is filed as Exhibit 10.1 herein and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under a
Off-balance sheet arrangement of a registrant.
The information in Section 1.01 is incorporated herein by reference.
ARTICLE 9.01 FINANCIAL STATEMENTS AND RECORDS.
(d) Exhibits. Exhibit Number Description 10.1 Amendment No. 1 to ABL Credit Facility, dated
July 5, 2022, by and among Bank of America, N.A., a national banking association, as agent, the financial institutions from time to time parties thereto, and Herc Holdings Inc., Matthews Equipment Limited, and certain subsidiaries of Herc Holdings Inc.104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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