Hertz prices $500M add-on of 12.625% first lien notes due 2029, total outstanding $1.25B

HERTZ GLOBAL HOLDINGS, INC

$500M additional 12.625% first lien senior secured notes due 2029 priced; total outstanding will be $1.25B.
Notes issued at 107.732% plus accrued interest; interest payable semi-annually starting Jan 15, 2025.
Proceeds to repay revolver borrowings and pay fees/expenses for consent solicitations to amend indentures.
Offering expected to close Dec 12, 2024; guaranteed by Hertz Global Holdings and domestic subsidiaries.

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