Hertz issues $500M additional 12.625% First Lien Notes due 2029, receives consents to amend indentures

HERTZ GLOBAL HOLDINGS, INC

Issued $500M aggregate principal amount of additional 12.625% First Lien Senior Secured Notes due 2029 at 107.732% of par.
Total outstanding First Lien Notes now $1.25B; proceeds used to pay consent fees and repay revolving credit facility.
Consents received from holders of ~$743.6M Existing First Lien Notes and ~$250M Exchangeable Notes to amend indentures.
Amendments to indentures became effective December 12, 2024; consent fees paid on December 13, 2024.
Bylaws amended to incorporate Universal Proxy Rule and other administrative changes.

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