Latham Advises on Financing for Herc Holding’s Acquisition of H&E Equipment Services

Herc Holdings Inc. (NYSE: HRI) (Herc), one of North America’s leading equipment rental suppliers, and H&E Equipment Services, Inc. (NASDAQ: HEES) (H&E) have announced that H&E has terminated its prior merger agreement with United Rentals, Inc. and that Herc and H&E have entered into a definitive merger agreement under which Herc will acquire H&E. Under the terms of the definitive merger agreement, H&E shareholders will receive US$78.75 in cash and 0.1287 shares of Herc common stock for each share they own. 

Latham & Watkins LLP represented the financing sources in the transaction with a capital markets team led by New York partner Ian Schuman, Washington, D.C./New York partner Chuck Cassidy and New York counsel Hana Nah, with associate Alex Gulino, and a banking team led by New York partners Alfred Xue, Conray Tseng, and Brianna Oller, with associate Anna Molina.