Hertz Corp. issues $425M 5.5% exchangeable senior notes due 2030; capped calls offset dilution

HERTZ GLOBAL HOLDINGS, INC

Issued $425M aggregate principal of 5.500% Exchangeable Senior Notes due 2030, including $50M overallotment.
Notes exchangeable into cash, HTZ common stock or combination; initial exchange price ~$9.24/share (32.5% premium to $6.97 close).
Capped call transactions cover up to ~60.98M shares; cap initially at $13.94/share to offset potential dilution.
Notes are senior unsecured obligations of Hertz Corp., guaranteed by Hertz Global and subsidiary guarantors.

item 1.01item 2.03item 3.02item 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.