{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-077511","form_type":"8-K","ticker":"HTZ","cik":"0001657853","company_name":"HERTZ GLOBAL HOLDINGS, INC","filed_at":"2026-06-25T11:00:35+00:00","discovered_at":"2026-06-25T11:05:00.258368+00:00","generated_at":"2026-06-25T11:06:14.059859+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hertz prices $350M exchangeable notes at 6.75%, offers 37M shares at $2.70 for hedging","bullets":["Hertz Corp. priced $350M of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030; upsized from $300M.","Net proceeds ~$339.5M to repay revolver and for general corporate purposes; closing expected June 29, 2026.","Concurrently, Hertz loaned 37,037,037 shares at $2.70/share to J.P. Morgan to facilitate note investor hedging; Hertz receives nominal lending fee.","Notes exchangeable initially at $3.58/share (32.5% premium to stock offering price); cash/shares at Hertz Corp.'s election.","Stock offering contingent on note closing; note offering not contingent on stock offering."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-077511","json":"https://secwatch.observer/filing/0001104659-26-077511.json","markdown":"https://secwatch.observer/filing/0001104659-26-077511.md","text":"https://secwatch.observer/filing/0001104659-26-077511.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1657853/000110465926077511/0001104659-26-077511-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/47129/000110465926077511/tm2618967d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T11:06:14.059859+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}