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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

HERTZ GLOBAL HOLDINGS, INC: Board approved amendment and restatement of bylaws, primarily to address Universal Proxy Rule and other updates (effective 2024-12-11).

Change: bylaw amendment
Effective: 2024-12-11

Exact text from the filing

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. As part of a broader review of its governance practices and in response to amendments to the federal proxy rules adopted by the United States Securities and Exchange Commission, on December 11, 2024, the Board of Directors (the “Board”) of the Company , acting upon the recommendation of the Governance Committee of the Board, approved the amendment and restatement of the Company’s Second Amended and Restated Bylaws, effective as of such date (as amended and restated, the “Third Amended and Restated Bylaws”).

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HERTZ GLOBAL HOLDINGS, INC filing history →

Source: SEC EDGAR

accession 0000950103-24-017766

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