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Hertz Subsidiary Plans $250M Private Offering Of Exchangeable Senior Notes Due 2030

Author: Benzinga Newsdesk | September 24, 2025 03:26pm

The Exchangeable Senior Notes will be Issued by The Hertz Corporation

Hertz Global Holdings, Inc. (NASDAQ:HTZ) (the "Company"), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation ("Hertz Corp."), intends to offer, subject to market and other conditions, $250 million in aggregate principal amount of Exchangeable Senior Notes due 2030 (the "Notes"), in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Hertz Corp. also expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $37.5 million in aggregate principal amount of the Notes.

Posted In: HTZ

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