** Rental car firm Hertz Global's HTZ.O shares down 6% in premarket trading on Thurs to $2.82 after capital raise

** HTZ earlier Thurs announced pricing private offering of $350 mln 6.75% exchangeable PIK notes due 2030

** It also announced public offering of ~37 mln shares at $2.70 for $100 mln; shares to be loaned to JP Morgan, one of the underwriters, to facilitate hedging transactions by investors in the exchangeable notes

** HTZ shares plunged ~41% to close at $3 on Weds after co unveiled $300 mln exchangeable and warned of hit to Q2 EBITDA due to sluggish used-car market

** Initial conversion price on exchangeable notes of $3.58 represents a 32.5% premium over the public share offering price of $2.70

** HTZ intends to use net proceeds from the notes offering for general corp purposes, including debt repayment

** At Weds close, HTZ shares have shed 59% over the past 12 months

** 6 analysts rate the stock "hold", the other 3 rate "sell"; median PT $5, per LSEG data