Herc Holdings' $1.2B Note Offering Boosts Stock
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Joi
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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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
