[8-K] Advanced Micro Devices Reports Material Event
Herc Holdings (HRI) Form 8-K 鈥� Cinelease divestiture
On 31 Jul 2025 the company closed the sale of its Cinelease studio entertainment and lighting & grip equipment-rental business to private platform Zello. Herc received $100 million in upfront cash plus undisclosed earn-out potential under a Sale and Purchase Agreement. Management will apply the net proceeds to repay borrowings under its credit facility.
No revenue, EBITDA or gain/loss figures for Cinelease are provided. The transaction monetises a non-core asset, improves liquidity and is expected to lower leverage, but removes an unquantified earnings contributor and leaves total consideration partly contingent on future performance.
Herc Holdings (HRI) Modulo 8-K 鈥� Cessione di Cinelease
Il 31 luglio 2025 la societ脿 ha concluso la vendita del suo business di noleggio attrezzature per studi cinematografici e per illuminazione e grip Cinelease alla piattaforma privata Zello. Herc ha ricevuto 100 milioni di dollari in contanti anticipati oltre a un potenziale earn-out non divulgato previsto da un Accordo di Vendita e Acquisto. La direzione utilizzer脿 il ricavato netto per rimborsare i prestiti sotto la sua linea di credito.
Non sono stati forniti dati su ricavi, EBITDA o utili/perdite di Cinelease. L鈥檕perazione monetizza un asset non strategico, migliora la liquidit脿 e si prevede riduca l鈥檌ndebitamento, ma elimina un contributo agli utili non quantificato e lascia parte del corrispettivo dipendente dalle performance future.
Herc Holdings (HRI) Formulario 8-K 鈥� Desinversi贸n de Cinelease
El 31 de julio de 2025, la empresa cerr贸 la venta de su negocio de alquiler de equipos para estudios de entretenimiento y de iluminaci贸n y grip Cinelease a la plataforma privada Zello. Herc recibi贸 100 millones de d贸lares en efectivo por adelantado m谩s un posible earn-out no divulgado seg煤n el Acuerdo de Compra y Venta. La direcci贸n aplicar谩 los ingresos netos para pagar pr茅stamos bajo su l铆nea de cr茅dito.
No se proporcionan cifras de ingresos, EBITDA ni ganancias/p茅rdidas de Cinelease. La transacci贸n monetiza un activo no principal, mejora la liquidez y se espera que reduzca el apalancamiento, pero elimina un contribuyente de ganancias no cuantificado y deja parte de la contraprestaci贸n condicionada al desempe帽o futuro.
Herc Holdings (HRI) 8-K 氤搓碃靹� 鈥� Cinelease 毵り皝
2025雲� 7鞗� 31鞚�, 須岇偓電� 鞀ろ姕霐旍槫 鞐旐劙韰岇澑毹柬姼 氚� 臁半獏路攴鸽 鞛ル箘 雽�鞐� 靷梾鞚� Cinelease毳� 靷 頂岆灚韽� Zello鞐� 毵り皝鞚� 鞕勲頄堨姷雼堧嫟. Herc電� 1鞏� 雼煬鞚� 靹犽秷 順勱笀瓿� 毵るГ瓿勳暯鞐� 霐半ジ 牍勱车臧� 於旉皜 靾橃澋 臧�電レ劚鞚� 氚涭晿鞀惦媹雼�. 瓴届榿歆勳潃 靾滌垬鞚奠潉 鞁犾毄 鞁滌劋 雽�於� 靸來櫂鞐� 靷毄頃� 鞓堨爼鞛呺媹雼�.
Cinelease鞚� 毵れ稖, EBITDA 霕愲姅 靻愳澋 靾橃箻電� 鞝滉车霅橃 鞎婌晿鞀惦媹雼�. 鞚措矆 瓯半灅電� 牍勴暤鞁� 鞛愳偘鞚� 順勱笀頇旐晿瓿� 鞙犽彊靹膘潉 臧滌劆頃橂┌ 霠堧矂毽毳� 欷勳澕 瓴冹溂搿� 鞓堨儊霅橃毵�, 靾橃澋 旮办棳霃勱皜 攵堧秳氇呿暅 鞛愳偘鞚� 鞝滉卑頃橁碃 齑� 雽�臧�電� 頄ロ泟 鞁れ爜鞐� 鞚茧秬 鞚橃〈頃橁矊 霅╇媹雼�.
Herc Holdings (HRI) Formulaire 8-K 鈥� Cession de Cinelease
Le 31 juillet 2025, la soci茅t茅 a finalis茅 la vente de son activit茅 de location de mat茅riel de studio de divertissement et d鈥櫭ヽlairage & grip Cinelease 脿 la plateforme priv茅e Zello. Herc a re莽u 100 millions de dollars en esp猫ces 脿 l鈥檃vance ainsi qu鈥檜n potentiel earn-out non divulgu茅 selon un accord de vente. La direction utilisera le produit net pour rembourser les emprunts sous sa facilit茅 de cr茅dit.
Aucun chiffre de chiffre d鈥檃ffaires, EBITDA ou gain/perte pour Cinelease n鈥檈st fourni. La transaction mon茅tise un actif non strat茅gique, am茅liore la liquidit茅 et devrait r茅duire l鈥檈ndettement, mais supprime une contribution aux r茅sultats non quantifi茅e et laisse une partie de la contrepartie conditionn茅e 脿 la performance future.
Herc Holdings (HRI) Form 8-K 鈥� Ver盲u脽erung von Cinelease
Am 31. Juli 2025 schloss das Unternehmen den Verkauf seines Studiounterhaltungs- und Beleuchtungs- & Grip-Ausr眉stungsverleihgesch盲fts Cinelease an die private Plattform Zello ab. Herc erhielt 100 Millionen US-Dollar an Vorauszahlung sowie eine nicht bekannt gegebene Earn-out-M枚glichkeit gem盲脽 dem Kauf- und Verkaufsvertrag. Das Management wird den Nettoerl枚s zur R眉ckzahlung von Krediten aus seiner Kreditfazilit盲t verwenden.
Es werden keine Umsatzzahlen, EBITDA oder Gewinn/Verlustzahlen f眉r Cinelease angegeben. Die Transaktion realisiert einen nicht zum Kerngesch盲ft geh枚renden Verm枚genswert, verbessert die Liquidit盲t und soll die Verschuldung senken, entfernt jedoch einen nicht quantifizierten Ertragsbeitrag und macht einen Teil der Gegenleistung von zuk眉nftiger Leistung abh盲ngig.
- $100 million upfront cash inflow provides immediate liquidity.
- Proceeds earmarked for debt repayment should lower leverage and interest expense.
- Exit of non-core Cinelease business may sharpen strategic focus and reduce operational complexity.
- Loss of Cinelease revenue/EBITDA could dampen near-term earnings; no figures disclosed to gauge impact.
- Earn-out consideration is contingent, leaving total transaction value uncertain.
Insights
TL;DR: $100 m sale boosts liquidity; strategic focus up, income impact unknown.
The divestiture converts a specialised, potentially volatile studio-equipment unit into hard cash that is immediately earmarked for debt reduction. Repaying credit-facility borrowings should lower interest expense and expand covenant headroom. However, lack of disclosure on Cinelease鈥檚 revenue/EBITDA prevents assessing valuation multiples or earnings drag. Overall, strategically logical but financially neutral until further detail emerges.
TL;DR: Deal is leverage-positive; cash proceeds offset contingent risks.
Applying the $100 million to the revolver directly cuts secured debt and enhances liquidity. Even if earn-outs never materialise, immediate deleveraging strengthens the balance sheet and reduces refinancing risk. Absent unit metrics, credit view hinges on use of proceeds, which is clearly constructive. I view the event as modestly credit-positive.
Herc Holdings (HRI) Modulo 8-K 鈥� Cessione di Cinelease
Il 31 luglio 2025 la societ脿 ha concluso la vendita del suo business di noleggio attrezzature per studi cinematografici e per illuminazione e grip Cinelease alla piattaforma privata Zello. Herc ha ricevuto 100 milioni di dollari in contanti anticipati oltre a un potenziale earn-out non divulgato previsto da un Accordo di Vendita e Acquisto. La direzione utilizzer脿 il ricavato netto per rimborsare i prestiti sotto la sua linea di credito.
Non sono stati forniti dati su ricavi, EBITDA o utili/perdite di Cinelease. L鈥檕perazione monetizza un asset non strategico, migliora la liquidit脿 e si prevede riduca l鈥檌ndebitamento, ma elimina un contributo agli utili non quantificato e lascia parte del corrispettivo dipendente dalle performance future.
Herc Holdings (HRI) Formulario 8-K 鈥� Desinversi贸n de Cinelease
El 31 de julio de 2025, la empresa cerr贸 la venta de su negocio de alquiler de equipos para estudios de entretenimiento y de iluminaci贸n y grip Cinelease a la plataforma privada Zello. Herc recibi贸 100 millones de d贸lares en efectivo por adelantado m谩s un posible earn-out no divulgado seg煤n el Acuerdo de Compra y Venta. La direcci贸n aplicar谩 los ingresos netos para pagar pr茅stamos bajo su l铆nea de cr茅dito.
No se proporcionan cifras de ingresos, EBITDA ni ganancias/p茅rdidas de Cinelease. La transacci贸n monetiza un activo no principal, mejora la liquidez y se espera que reduzca el apalancamiento, pero elimina un contribuyente de ganancias no cuantificado y deja parte de la contraprestaci贸n condicionada al desempe帽o futuro.
Herc Holdings (HRI) 8-K 氤搓碃靹� 鈥� Cinelease 毵り皝
2025雲� 7鞗� 31鞚�, 須岇偓電� 鞀ろ姕霐旍槫 鞐旐劙韰岇澑毹柬姼 氚� 臁半獏路攴鸽 鞛ル箘 雽�鞐� 靷梾鞚� Cinelease毳� 靷 頂岆灚韽� Zello鞐� 毵り皝鞚� 鞕勲頄堨姷雼堧嫟. Herc電� 1鞏� 雼煬鞚� 靹犽秷 順勱笀瓿� 毵るГ瓿勳暯鞐� 霐半ジ 牍勱车臧� 於旉皜 靾橃澋 臧�電レ劚鞚� 氚涭晿鞀惦媹雼�. 瓴届榿歆勳潃 靾滌垬鞚奠潉 鞁犾毄 鞁滌劋 雽�於� 靸來櫂鞐� 靷毄頃� 鞓堨爼鞛呺媹雼�.
Cinelease鞚� 毵れ稖, EBITDA 霕愲姅 靻愳澋 靾橃箻電� 鞝滉车霅橃 鞎婌晿鞀惦媹雼�. 鞚措矆 瓯半灅電� 牍勴暤鞁� 鞛愳偘鞚� 順勱笀頇旐晿瓿� 鞙犽彊靹膘潉 臧滌劆頃橂┌ 霠堧矂毽毳� 欷勳澕 瓴冹溂搿� 鞓堨儊霅橃毵�, 靾橃澋 旮办棳霃勱皜 攵堧秳氇呿暅 鞛愳偘鞚� 鞝滉卑頃橁碃 齑� 雽�臧�電� 頄ロ泟 鞁れ爜鞐� 鞚茧秬 鞚橃〈頃橁矊 霅╇媹雼�.
Herc Holdings (HRI) Formulaire 8-K 鈥� Cession de Cinelease
Le 31 juillet 2025, la soci茅t茅 a finalis茅 la vente de son activit茅 de location de mat茅riel de studio de divertissement et d鈥櫭ヽlairage & grip Cinelease 脿 la plateforme priv茅e Zello. Herc a re莽u 100 millions de dollars en esp猫ces 脿 l鈥檃vance ainsi qu鈥檜n potentiel earn-out non divulgu茅 selon un accord de vente. La direction utilisera le produit net pour rembourser les emprunts sous sa facilit茅 de cr茅dit.
Aucun chiffre de chiffre d鈥檃ffaires, EBITDA ou gain/perte pour Cinelease n鈥檈st fourni. La transaction mon茅tise un actif non strat茅gique, am茅liore la liquidit茅 et devrait r茅duire l鈥檈ndettement, mais supprime une contribution aux r茅sultats non quantifi茅e et laisse une partie de la contrepartie conditionn茅e 脿 la performance future.
Herc Holdings (HRI) Form 8-K 鈥� Ver盲u脽erung von Cinelease
Am 31. Juli 2025 schloss das Unternehmen den Verkauf seines Studiounterhaltungs- und Beleuchtungs- & Grip-Ausr眉stungsverleihgesch盲fts Cinelease an die private Plattform Zello ab. Herc erhielt 100 Millionen US-Dollar an Vorauszahlung sowie eine nicht bekannt gegebene Earn-out-M枚glichkeit gem盲脽 dem Kauf- und Verkaufsvertrag. Das Management wird den Nettoerl枚s zur R眉ckzahlung von Krediten aus seiner Kreditfazilit盲t verwenden.
Es werden keine Umsatzzahlen, EBITDA oder Gewinn/Verlustzahlen f眉r Cinelease angegeben. Die Transaktion realisiert einen nicht zum Kerngesch盲ft geh枚renden Verm枚genswert, verbessert die Liquidit盲t und soll die Verschuldung senken, entfernt jedoch einen nicht quantifizierten Ertragsbeitrag und macht einen Teil der Gegenleistung von zuk眉nftiger Leistung abh盲ngig.
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| EXHIBIT INDEX | ||||||||
Exhibit No. | Description | |||||||
| 99.1 | Press Release dated August 5, 2025 | |||||||
| 99.2 | Second Quarter 2025 Financial Results Presentation | |||||||
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K | |||||||
| Date: August 5, 2025 | ADVANCED MICRO DEVICES, INC. | ||||||||||
By: | /s/ Jean Hu | ||||||||||
Name: | Jean Hu | ||||||||||
Title: | Executive Vice President, Chief Financial Officer & Treasurer | ||||||||||
Source:
FAQ
Why did Herc Holdings (HRI) file this Form 8-K?
How much cash did HRI receive from the Cinelease sale?
Who acquired the Cinelease business from Herc Holdings?
How will Herc Holdings use the sale proceeds?
Does the agreement include any contingent payments?
