---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-009159"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2024-06-28T23:59:59+00:00"
generated_at: "2026-06-01T00:39:02.022310+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hertz issues $750M 12.625% first lien notes and $250M 8% exchangeable notes; proceeds used to pay down revolver

## Summary
- $750M First Lien Senior Secured Notes due 2029 at 12.625% interest, issued at par.
- $250M Exchangeable Senior Second-Lien Secured PIK Notes due 2029 at 8% PIK, exchangeable at ~$6.625/shr (89% premium).
- Proceeds used to reduce borrowings under $2.0B revolver; revolver remains available with unchanged commitments.
- European ABS amended to add Belgian fleet assets; aggregate borrowing capacity unchanged.
- Up to ~105.8M shares may be issued upon exchange of exchangeable notes (based on initial exchange rate).

## SEC filing metadata
- accession: 0000950103-24-009159
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2024-06-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000095010324009159/0000950103-24-009159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000095010324009159/dp213388_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-009159
- JSON: https://secwatch.observer/filing/0000950103-24-009159.json
- Plain text: https://secwatch.observer/filing/0000950103-24-009159.txt

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