secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2021-07-07T23:59:59+00:00
Accession:  0001104659-21-089858
Event type: other_material
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz emerges from Chapter 11; new capital structure includes $1.3B term loan, $6.8B ABS notes
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- Emerged from Chapter 11 on June 30, 2021; Plan supported by Knighthead, Certares, Apollo as Plan Sponsors.
- Issued 89M warrants to former common stockholders; exercise price $13.80, expiring June 30, 2051.
- Entered $1.3B Term B loan, $245M Term C facility, $1.255B revolver under Exit Credit Agreement.
- HVF III issued $2.8125B Series 2021-A notes (floating+1.50%), $2B Series 2021-1 and $2B Series 2021-2 notes.
- Proceeds used to repay existing debt, fees, and fund distributions under the Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000110465921089858/tm2121430d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-089858

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer