---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-008521"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2024-06-20T23:59:59+00:00"
generated_at: "2026-06-01T03:32:53.663733+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hertz announces $750M debt offering; sees Q2 2024 Adjusted EBITDA loss of up to $495M

## Summary
- Offers $500M First Lien Senior Secured Notes due 2029 and $250M Exchangeable Senior Second-Lien Secured PIK Notes due 2029.
- Preliminary Q2 2024: expects Adjusted Corporate EBITDA loss of $(435)M to $(495)M; DPU of $575-$600.
- Expects Q2 depreciation and lease charges of $990M-$1,035M (up from $969M in Q1 2024) due to accelerated fleet refresh.
- Revolver drawn $1.1B as of May 31; notes proceeds to pay down revolver and improve liquidity.
- Discloses securities class action and warrant holder lawsuit seeking ~$187.5M; Hertz disputes claims.

## SEC filing metadata
- accession: 0000950103-24-008521
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2024-06-20T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000095010324008521/0000950103-24-008521-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000095010324008521/dp213066_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-008521
- JSON: https://secwatch.observer/filing/0000950103-24-008521.json
- Plain text: https://secwatch.observer/filing/0000950103-24-008521.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.