debt
confidence high
sentiment neutral
materiality 0.65
Hertz issues $985M in asset-backed notes across three series; $300M Class B at 9.28%
HERTZ GLOBAL HOLDINGS, INC
- $300M Series 2021-A Class B notes at 9.28% fixed, commitment termination June 2027, legal final June 2028.
- $375M Series 2025-3 notes: Class A 5.06%, B 5.59%, C 6.13%, D 8.55%; expected final Dec 2028.
- $310M Series 2025-4 notes: Class A 5.41%, B 5.90%, C 6.48%, D 9.34%; expected final Dec 2030.
- Proceeds partly repay existing variable funding notes; remainder for vehicle acquisition/refinancing.
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