Herc Holdings Inc. Finalizes Sale of Cinelease to Zello for $100 Million

Reuters

Aug 06

<a href="https://laohu8.com/S/HRI">Herc Holdings Inc.</a> Finalizes Sale of Cinelease to Zello for $100 Million

Herc Holdings Inc. has announced the completion of the sale of its Cinelease studio entertainment and lighting and grip equipment rental business. The transaction, finalized on July 31, 2025, sees Cinelease acquired by Zello, a private investment platform, for an initial cash consideration of $100 million, along with agreed-upon earn outs. Herc Holdings plans to utilize the net proceeds from this sale to repay debt under its credit facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Herc Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001364479-25-000043), on August 05, 2025, and is solely responsible for the information contained therein.

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Finalizes Sale of Cinelease to Zello for $100 Million","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/HRI\">Herc Holdings Inc.</a> Finalizes Sale of Cinelease to Zello for $100 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Herc Holdings Inc. has announced the completion of the sale of its Cinelease studio entertainment and lighting and grip equipment rental business. The transaction, finalized on July 31, 2025, sees Cinelease acquired by Zello, a private investment platform, for an initial cash consideration of $100 million, along with agreed-upon earn outs. 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Finalizes Sale of Cinelease to Zello for $100 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-06 04:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/HRI\">Herc Holdings Inc.</a> Finalizes Sale of Cinelease to Zello for $100 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Herc Holdings Inc. has announced the completion of the sale of its Cinelease studio entertainment and lighting and grip equipment rental business. 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ID: 0001364479-25-000043), on August 05, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z4B17.USD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250805:nNDLbS2CcK:1","article_id":"2557117633","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557117633","pubTimestamp":1754425314,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Herc Holdings Inc. has announced the completion of the sale of its Cinelease studio entertainment and lighting and grip equipment rental business. 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Finalizes Sale of Cinelease to Zello for $100 Million\n    \n\n        Herc Holdings Inc. has announced the completion of the sale of its Cinelease studio entertainment and lighting and grip equipment rental business. The transaction, finalized on July 31, 2025, sees Cinelease acquired by Zello, a private investment platform, for an initial cash consideration of $100 million, along with agreed-upon earn outs. Herc Holdings plans to utilize the net proceeds from this sale to repay debt under its credit facility.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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