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Herc Holdings extends tender offer to acquire H&E Equipment Services

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Herc Holdings Inc. has announced that it has extended its previously announced tender offer (the “Offer”) to acquire all of the outstanding shares of H&E Equipment Services, Inc. common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the “Merger Agreement”).

The Offer, which was previously scheduled to expire at one minute past 11:59 p.m. Eastern Time on May 13, 2025, has been extended until one minute past 11:59 p.m. Eastern Time, on May 22, 2025, unless further extended in accordance with the terms of the Merger Agreement. The offer was extended to allow additional time to satisfy the remaining conditions of the tender offer, including receipt of applicable regulatory approvals. The Offer remains subject to the conditions to the completion of the Offer, as set forth in the Prospectus/Offer to Exchange, dated March 19, 2025 (as subsequently amended), the related Letter of Transmittal and certain other Offer documents, copies of which are attached to the Tender Offer Statement on Schedule TO filed by the Company and H&E with the U.S. Securities and Exchange Commission (the “SEC”) on March 19, 2025 (as subsequently amended).

Computershare Trust Company, N.A., the depository and paying agent for the Offer, has advised the Company that as of close of business on May 7, 2025, 11,999,305 H&E shares have been validly tendered and not validly withdrawn pursuant to the Offer, representing approximately 32.73% of the outstanding H&E shares, and an additional 53,759 H&E shares were tendered pursuant to guaranteed delivery procedures, representing an additional approximate 0.15% of the outstanding H&E shares.

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