SEC Comment Letter 0000000000-23-002636 to HERC HOLDINGS INC (HRI)
HERC HOLDINGS INC
Date: March 16, 2023 · CIK: 0001364479 · Accession: 0000000000-23-002636
AI Filing Summary & Sentiment
File numbers found in text: 001-33139
Letter
United States securities and exchange commission logo March 16, 2023 Mark Humphrey Chief Financial Officer Herc Holdings Inc. 27500 Riverview Center Blvd. Bonita Springs, FL 34134 Re:Herc Holdings Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Filed February 14, 2023 File No. 001-33139 Dear Mark Humphrey: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2022 Item 8. Financial Statements and Supplementary Data Note 11- Debt Accounts Receivable Securitization Facility, page 59 1.You state that the AR Facility is excluded from current maturities of long-term debt as you have the intent and ability to consummate refinancing and extend the term of the agreement. Please provide us with your analysis supporting your accounting. Refer to ASC 470-10-45-14.
FirstName LastNameMark Humphrey Comapany NameHerc Holdings Inc. March 16, 2023 Page 2 FirstName LastName Mark Humphrey Herc Holdings Inc. March 16, 2023 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Scott Stringer at 202-551-3272 or Joel Parker at 202-551-3651 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
March 16, 2023
Mark Humphrey
Chief Financial Officer
Herc Holdings Inc.
27500 Riverview Center Blvd.
Bonita Springs, FL 34134
Re:Herc Holdings Inc.
Form 10-K for the Fiscal Year Ended December 31, 2022
Filed February 14, 2023
File No. 001-33139
Dear Mark Humphrey:
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2022
Item 8. Financial Statements and Supplementary Data
Note 11- Debt
Accounts Receivable Securitization Facility, page 59
1.You state that the AR Facility is excluded from current maturities of long-term debt as
you have the intent and ability to consummate refinancing and extend the term of the
agreement. Please provide us with your analysis supporting your accounting. Refer to
ASC 470-10-45-14.
FirstName LastNameMark Humphrey
Comapany NameHerc Holdings Inc.
March 16, 2023 Page 2
FirstName LastName
Mark Humphrey
Herc Holdings Inc.
March 16, 2023
Page 2
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Scott Stringer at 202-551-3272 or Joel Parker at 202-551-3651 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services