---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-077058"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2026-06-24T11:31:32+00:00"
generated_at: "2026-06-24T11:35:17.200257+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hertz announces $300M exchangeable notes offering and $100M stock lending to facilitate hedging

## Summary
- Hertz Corp. to offer $300M aggregate principal of Exchangeable Senior First-Lien Secured PIK Notes due 2030; initial purchasers option for $45M more.
- Notes bear PIK interest with portion paid in cash and PIK; exchangeable for cash, common stock, or combination at Hertz Corp.'s election.
- Net proceeds from notes used for general corporate purposes, may include repayment of outstanding indebtedness.
- Simultaneously, Hertz loans $100M of common stock to J.P. Morgan (share borrower) to facilitate hedging by note investors; Hertz receives nominal fee.
- Stock offering contingent on closing of notes; notes offering not contingent on stock offering.

## SEC filing metadata
- accession: 0001104659-26-077058
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2026-06-24T11:31:32+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000110465926077058/0001104659-26-077058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000110465926077058/tm2618731d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-077058
- JSON: https://secwatch.observer/filing/0001104659-26-077058.json
- Plain text: https://secwatch.observer/filing/0001104659-26-077058.txt

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