Hertz prices 37,037,037-share follow-on offering at USD 2.7 per share

HERTZ GLOBAL HOLDINGS, INC.

HERTZ GLOBAL HOLDINGS, INC.

HTZ

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  • Hertz priced a SEC-registered offering of 37,037,037 common shares at USD 2.7 per share under a share-lending structure.
  • Shares will be loaned to J.P. Morgan Securities, which will receive the offering proceeds; Hertz will receive only a nominal lending fee.
  • J.P. Morgan intends to sell the borrowed shares to establish a short position to support investor hedging tied to Exchangeable Senior First-Lien Secured PIK Notes due 2030.
  • Share sales could affect the common stock’s market price.
  • Equity offering is contingent on closing of Hertz Corp.’s private offering of the Notes; the Notes deal is not contingent on the share offering.


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: 20260624462254) on June 25, 2026, and is solely responsible for the information contained therein.

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