Hertz unit HVF III issues $1 billion rental car ABS notes to fund U.S. fleet financing
HERTZ GLOBAL HOLDINGS, INC. HTZ | 0.00 |
- Hertz Global unit Hertz Vehicle Financing III issued USD 1 billion of fixed-rate rental car asset-backed notes across two series on May 28, 2026.
- Series 2026-1 totals USD 500 million, led by USD 327 million Class A at 5.09%; expected final payment November 2029.
- Series 2026-2 totals USD 500 million, led by USD 327 million Class A at 5.4%; expected final payment November 2031.
- Proceeds partly repaid amounts outstanding on HVF III’s Series 2021-A variable funding rental car asset-backed notes; remainder targeted for fleet acquisitions or refinancing.
- Absent an amortization event, principal payments are deferred until June 2029 for Series 2026-1, June 2031 for Series 2026-2.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001657853-26-000036), on June 02, 2026, and is solely responsible for the information contained therein.
