{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-094906","form_type":"8-K","ticker":"HTZ","cik":"0001657853","company_name":"HERTZ GLOBAL HOLDINGS, INC","filed_at":"2023-08-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.742287+00:00","generated_at":"2026-06-11T04:13:30.767275+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Hertz Vehicle Financing III issues $1B in asset-backed notes across two series","bullets":["Series 2023-3: $500M notes with rates 5.94% (Class A) to 9.43% (Class D); Series 2023-4: $500M with rates 6.15% to 9.44%.","Notes are secured by rental car fleet and issued by bankruptcy-remote subsidiary HVF III; THC remains as administrator.","Proceeds partially repaid Series 2021-A variable funding notes; balance for vehicle acquisition or refinancing.","No principal payments due until September 2026 (Series 2023-3) or October 2028 (Series 2023-4) absent an amortization event.","Class structure includes subordination; expected final payment dates range from February 2027 to March 2030."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-094906","json":"https://secwatch.observer/filing/0001104659-23-094906.json","markdown":"https://secwatch.observer/filing/0001104659-23-094906.md","text":"https://secwatch.observer/filing/0001104659-23-094906.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1657853/000110465923094906/0001104659-23-094906-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/47129/000110465923094906/tm2324620d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T04:13:30.767275+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":"27bc84a69f3d3b488ad9bf745b516da55aff2ce1","claim":"HERTZ GLOBAL HOLDINGS, INC incurred debt of aggregate principal amount equal to $500,000,000 with The Bank of New York Mellon Trust Company, N.A. maturing March 2030.","evidence_excerpt":"the Series 2023-4 Fixed Rate Rental Car Asset Backed Notes, Class A, Class B, Class C, and Class D, in an aggregate principal amount equal to $500,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1657853/000110465923094906/0001104659-23-094906-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"aggregate principal amount equal to $500,000,000"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Maturity","value":"March 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e9dc1c02062d70103ed804484b7e269a6beadce8","claim":"HERTZ GLOBAL HOLDINGS, INC incurred debt of aggregate principal amount equal to $500,000,000 with The Bank of New York Mellon Trust Company, N.A. maturing February 2028.","evidence_excerpt":"the Series 2023-3 Fixed Rate Rental Car Asset Backed Notes, Class A, Class B, Class C and Class D, in an aggregate principal amount equal to $500,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1657853/000110465923094906/0001104659-23-094906-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"aggregate principal amount equal to $500,000,000"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Maturity","value":"February 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fae20b6db675e9f0ed9d06b074c9fa87759a8730","claim":"HERTZ GLOBAL HOLDINGS, INC entered into Series 2023-3 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $337,500,000 Series 2023-3 5.94% Rental Car Asset Backed Notes, Class A $55,000,000 Series 2023-3 6. (effective 2023-08-24).","evidence_excerpt":"Series 2023-3 Supplement, dated as of August 24, 2023, among Hertz Vehicle Financing III LLC, as issuer, The Hertz Corporation, as administrator, and The Bank of New York Mellon Trust Company, N.A., as trustee.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1657853/000110465923094906/0001104659-23-094906-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Value","value":"$337,500,000 Series 2023-3 5.94% Rental Car Asset Backed Notes, Class A $55,000,000 Series 2023-3 6."},{"label":"Effective","value":"2023-08-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}