Hertz prices upsized $375M 5.5% exchangeable notes due 2030; upsized from $250M

HERTZ GLOBAL HOLDINGS, INC

Notes bear 5.500% interest, mature Oct 1, 2030; initial exchange price ~$9.24/share (32.5% premium to $6.97 close).
Net proceeds ~$360M ($408M if greenshoe exercised); $300M to redeem Senior Notes due 2026 by Dec 31, 2025.
Capped call transactions entered; cap price $13.94/share (100% premium to reference price).
Pershing Square affiliates entered $125M notional swap transactions with an initial purchaser affiliate.
Offering expected to close Sept 29, 2025; underwriters granted $50M additional option.

item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.