{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-012441","form_type":"8-K","ticker":"HTZ","cik":"0001657853","company_name":"HERTZ GLOBAL HOLDINGS, INC","filed_at":"2025-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.579507+00:00","generated_at":"2026-05-17T05:24:45.677818+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hertz Corp. issues $425M 5.5% exchangeable senior notes due 2030; capped calls offset dilution","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-012441","json":"https://secwatch.observer/filing/0000950103-25-012441.json","markdown":"https://secwatch.observer/filing/0000950103-25-012441.md","text":"https://secwatch.observer/filing/0000950103-25-012441.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1657853/000095010325012441/0000950103-25-012441-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/47129/000095010325012441/dp235086_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:24:45.677818+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0890e0d8560132891c1cde8a5ccdc278657a6914","claim":"HERTZ GLOBAL HOLDINGS, INC incurred senior notes of $425,000,000 aggregate principal amount with Computershare Trust Company, N.A., as trustee at 5.500% per year maturing October 1, 2030.","evidence_excerpt":"On September 29, 2025, The Hertz Corporation (“Hertz Corp.”), the primary operating company and wholly-owned indirect subsidiary of Hertz Global Holdings, Inc. (the “Company” or “Hertz Holdings”), completed an offering of $425,000,000 aggregate principal amount of its 5.500% Exchangeable Senior Notes due 2030 (the “Notes”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1657853/000095010325012441/0000950103-25-012441-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$425,000,000 aggregate principal amount"},{"label":"Counterparty","value":"Computershare Trust Company, N.A., as trustee"},{"label":"Rate","value":"5.500% per year"},{"label":"Maturity","value":"October 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"15feff480e871a12dbc3bf8eee88231d583ff9cb","claim":"HERTZ GLOBAL HOLDINGS, INC issued 60,975,600 shares of Common Stock of common stock to holders of the Notes.","evidence_excerpt":"Initially, a maximum of 60,975,600 shares of Common Stock may be issued upon exchange of the Notes","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1657853/000095010325012441/0000950103-25-012441-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"60,975,600 shares of Common Stock"},{"label":"Purchaser","value":"holders of the Notes"}],"fact_type":"equity_issuance"},{"claim_id":"8843b2393e42e62948923722556fb1c6c3a70435","claim":"HERTZ GLOBAL HOLDINGS, INC issued convertible note to initial purchasers for $425,000,000 aggregate principal amount.","evidence_excerpt":"(“Hertz Corp.”), the primary operating company and wholly-owned indirect subsidiary of Hertz Global Holdings, Inc. (the “Company” or “Hertz Holdings”), completed an offering of $425,000,000 aggregate principal amount of its 5.500% Exchangeable Senior Notes due 2030 (the “Notes”), which includes the exercise in full of the initial purchasers’ option to purchase up to","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1657853/000095010325012441/0000950103-25-012441-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"initial purchasers"},{"label":"Consideration","value":"$425,000,000 aggregate principal amount"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}