• Hertz Global Holdings launched a private offering of USD 300 million Exchangeable Senior First-Lien Secured PIK Notes due 2030.
• Deal includes an initial purchasers’ option for up to an additional USD 45 million of notes, lifting potential proceeds to USD 345 million.
• Proceeds earmarked for general corporate purposes, including potential repayment of outstanding debt.
• Notes pay semi-annual interest starting Jan. 1, 2027, split between cash and payment-in-kind interest.
• Exchange into cash, common stock, or a mix; share issuance capped at 19.9% without shareholder approval.

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. Hertz Global Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260624212090) on June 24, 2026, and is solely responsible for the information contained therein.