Hertz Global Holdings, Inc. reported financial results for the quarter ended June 30, 2026. Revenue totaled $2.4 billion, a 10% increase year-over-year, driven by record second-quarter revenue per day (RPD) excluding pandemic peaks. GAAP net income was $64 million with diluted EPS of $0.05, while adjusted corporate EBITDA rose to $81 million, exceeding revised guidance. The company ended the quarter with approximately $984 million in liquidity and noted that its U.S. core fleet is now 94% model year 2025 and 2026 vehicles. Hertz also highlighted progress in its Oro Mobility affiliate, which has completed over six million miles and is preparing for an autonomous vehicle partnership with Uber later this year. Hertz Global Holdings, Inc. operates as a leading global car rental and mobility solutions provider.

Following the June 29, 2026, issuance of $350,000,000 in 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030 by subsidiary The Hertz Corporation, plus an additional $30,000,000 in notes from an option exercise settled on July 10, 2026, the company triggered an anti-dilution provision in its public warrant agreement. This adjustment decreased the public warrant exercise price from $13.61 to $12.81 per share. Simultaneously, the number of common stock shares entitled to a warrant holder upon exercise increased from 1.0140 to 1.0772 shares. Hertz Global Holdings, Inc. operates in the vehicle rental and transportation industry.

The Hertz Corporation completed an offering of $350,000,000 in 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030. The notes bear interest at 6.75% per year, consisting of 3.375% cash and 3.375% PIK interest, payable semi-annually. The initial exchange rate is 279.5248 shares of common stock per $1,000 principal amount, representing an initial exchange price of approximately $3.58 per share. Hertz Global Holdings, Inc. operates in the vehicle rental industry.

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.

Hertz Global Holdings, Inc. announced on June 24, 2026, an intention to offer $100 million in common stock via a share lending agreement with J.P. Morgan Securities LLC to facilitate investor hedging. Concurrently, its subsidiary, The Hertz Corporation, intends to offer $300 million in aggregate principal amount of Exchangeable Senior First-Lien Secured PIK Notes due 2030 in a private offering. Hertz Global Holdings, Inc. operates in the vehicle rental industry.

Hertz Global Holdings, Inc. expects its second quarter 2026 results for fleet size, revenue, and rental days to align with or slightly exceed previous expectations due to healthy demand. However, unexpected softness in the used car market led to vehicle sale losses in May 2026, resulting in an expected second quarter net DPU per month of approximately $300. Adjusted Corporate EBITDA is expected to be in the $50-$80 million range. Hertz Global Holdings, Inc. operates in the vehicle rental industry.