---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-015808"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2025-12-05T23:59:59+00:00"
generated_at: "2026-05-16T14:16:11.205712+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hertz issues $1B in asset-backed notes via HVF III; redeems $300M of 2026 senior notes

## Summary
- HVF III issued $450M Series 2025-5 (4.62%-7.74%) and $550M Series 2025-6 (4.89%-8.30%) fixed-rate asset-backed notes due 2030/2032.
- Net proceeds partly repay Series 2021-A variable funding notes; remainder funds future vehicle acquisition or refinancing.
- THC gives notice to redeem $300M of 4.625% senior notes due 2026 on December 15, 2025 at 100% plus accrued interest.
- Amortization events (e.g., covenant default, insufficient assets) could force early principal payments or vehicle sales.
- Notes are secured by U.S. rental car fleet; subordination structure among Class A, B, C, D notes.

## SEC filing metadata
- accession: 0000950103-25-015808
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2025-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000095010325015808/0000950103-25-015808-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000095010325015808/dp238370_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-015808
- JSON: https://secwatch.observer/filing/0000950103-25-015808.json
- Plain text: https://secwatch.observer/filing/0000950103-25-015808.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.