ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

As previously disclosed, on September 17, 2018, Herc Rentals Inc. (together with its subsidiaries, the "Company"), as the servicer and performance guarantor, entered into a receivables financing agreement (the "RFA"), with Herc Receivables U.S. LLC, a special purpose vehicle wholly-owned by the Company (the "Receivables Subsidiary"), the lenders from time to time party thereto (the "Lenders"), and Credit Agricole Corporate and Investment Bank ("CACIB"), as Administrative Agent, pursuant to which the Receivables Subsidiary may (from time to time and subject to the conditions therein) borrow from the Lenders. Loans under the RFA are secured by liens on the receivables and other assets of the Receivables Subsidiary.

On September 1, 2020, the Company, the Receivables Subsidiary, CACIB and the Lenders entered into a First Amendment (the "First Amendment") to the RFA. The First Amendment, among other things, amends certain concentration limits in order to potentially provide greater borrowing availability, extends the maturity date of the RFA until August 31, 2021, and increases certain dollar thresholds regarding events of default related to other indebtedness and judgments.

The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the First Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.




ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.

Exhibit Number                      Description
           10.1                       Amendment No.1 to     R    eceivables     F    inancing
                                        A    greement





                                       2

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses