Financing ·
On June 25, 2026, Hertz Global Holdings announced that its subsidiary, The Hertz Corporation, priced an offering of…
HTZHertz Global Holdings, Inc
On June 25, 2026, Hertz Global Holdings announced that its subsidiary, The Hertz Corporation, priced an offering of $350 million in 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030, with an option for purchasers to buy an additional $50 million. Net proceeds are estimated at $339.5 million, potentially increasing to $388.0 million, and will be used to repay revolving credit facility borrowings and for general corporate purposes. Concurrently, the company priced an offering of 37,037,037 shares of common stock at $2.70 per share to be loaned to J.P. Morgan Securities LLC to facilitate hedging for Note investors. The company operates in the transportation industry and provides vehicle rental services.