---
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"
generated_at: "2026-06-25T11:06:14.059859+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hertz prices $350M exchangeable notes at 6.75%, offers 37M shares at $2.70 for hedging

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-077511
- JSON: https://secwatch.observer/filing/0001104659-26-077511.json
- Plain text: https://secwatch.observer/filing/0001104659-26-077511.txt

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