Hertz extends Series 2021-A ABS commitment dates to 2025; ups commitments by $155M

HERTZ GLOBAL HOLDINGS, INC

Commitment termination extended one year to June 27, 2025 (Class A) and Aug 31, 2025 (Class B).
Total commitments increased from $3.908B to $4.063B for the asset-backed notes.
Amendment also allows future issuance of Class B notes as medium-term global notes.
HVF III (Hertz subsidiary) is issuer; THC acts as administrator.
Agreement dated June 28, 2023; reflects continued access to vehicle financing market.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HERTZ GLOBAL HOLDINGS, INC amended Second Amended and Restated Series 2021-A Supplement with Deutsche Bank AG, New York Branch and The Bank of New York Mellon Trust Company, N.A. valued at $3.908 billion to $4.063 billion (effective 2023-06-28).

Action: amendment
Agreement: credit facility
Counterparty: Deutsche Bank AG, New York Branch and The Bank of New York Mellon Trust Company, N.A.
Value: $3.908 billion to $4.063 billion
Effective: 2023-06-28

Exact text from the filing

On June 28, 2023, Hertz Vehicle Financing III LLC (“HVF III”), a wholly-owned, special-purpose and bankruptcy remote subsidiary of The Hertz Corporation (“THC”), and THC entered into a Second Amended and Restated Series 2021-A Supplement

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HERTZ GLOBAL HOLDINGS, INC filing history →

Source: SEC EDGAR

accession 0001104659-23-075878

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