Hertz prices upsized USD 350 million exchangeable senior first-lien secured PIK notes due 2030

HERTZ GLOBAL HOLDINGS, INC.

HTZ

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Hertz priced an upsized USD 350 million offering of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030.
Deal size increased from USD 300 million; initial purchasers hold an option to buy up to an additional USD 50 million of notes.
Net proceeds estimated at about USD 339.5 million, or about USD 388 million if the option is exercised in full.
Proceeds earmarked to repay revolving credit facility borrowings, support general corporate purposes; closing expected around June 29, 2026.

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: 20260624727651) on June 25, 2026, and is solely responsible for the information contained therein.

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