Hertz plans SEC-registered offering of $100 million common stock

HERTZ GLOBAL HOLDINGS, INC.

HTZ

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Hertz Global Holdings plans a SEC-registered $100 million common stock offering via shares loaned to J.P. Morgan for sale.
Proceeds go to J.P. Morgan or affiliates; Hertz receives no offering proceeds, aside from a nominal share-lending fee.
Borrowed shares must be returned to Hertz; the short position is intended to support investor hedging tied to exchangeable PIK notes.
Equity sale is contingent on closing a private offering of Exchangeable Senior First-Lien Secured PIK Notes due 2030.
Hedging-related short sales could affect the common stock’s market price.

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: 202606240724BIZWIRE_USPR_____20260624_BW625132) on June 24, 2026, and is solely responsible for the information contained therein.

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