---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-008615"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T02:52:20.267466+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hertz prices $1B notes: $750M first lien at 12.625% and $250M exchangeable at 8.000%

## Summary
- Note Purchase Agreement with CK Amarillo LP affiliate for up to $43.5M of exchangeable notes, subject to cutbacks.
- Upsized first lien offering from $500M to $750M; total proceeds to be used to pay down $2.0B revolver, improving liquidity.
- First Lien Notes: 12.625% cash interest, due 2029; Exchangeable Notes: 8.000% PIK interest, exchangeable at ~$6.6252/share (89% premium to $3.51 close).
- Offerings expected to close June 28, 2024; notes secured on first-lien and second-lien basis respectively.

## SEC filing metadata
- accession: 0000950103-24-008615
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000095010324008615/0000950103-24-008615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000095010324008615/dp213147_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-008615
- JSON: https://secwatch.observer/filing/0000950103-24-008615.json
- Plain text: https://secwatch.observer/filing/0000950103-24-008615.txt

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