---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-078857"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2026-06-29T20:28:03+00:00"
generated_at: "2026-06-29T20:29:14.031141+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hertz issues $350M 6.75% exchangeable notes; share lending on 37M shares at $2.70

## Summary
- $350M aggregate principal of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030 issued by Hertz Corp.
- Initial exchange price of ~$3.58/share, a 32.5% premium to the $2.70 public offering price of borrowed shares.
- Hertz Global loans 37,037,037 shares of common stock to J.P. Morgan at $2.70/share in a public offering.
- Interest paid 50% cash (3.375%) and 50% PIK (3.375%); high-yield covenants apply.
- Matures July 1, 2030; no redemption prior to Jan 6, 2029; holders' put on fundamental change.

## SEC filing metadata
- accession: 0001104659-26-078857
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2026-06-29T20:28:03+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000110465926078857/0001104659-26-078857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000110465926078857/tm2619276d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-078857
- JSON: https://secwatch.observer/filing/0001104659-26-078857.json
- Plain text: https://secwatch.observer/filing/0001104659-26-078857.txt

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