HERTZ GLOBAL HOLDINGS, INC (HTZ): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

HERTZ GLOBAL HOLDINGS, INC incurred debt of $300,000,000 with unaffiliated third parties at 9.28% maturing Series 2021-A Commitment Termination Date is June 27, 2027; Legal Final Payment Date is June 27, 2028.

Principal: $300,000,000
Counterparty: unaffiliated third parties
Rate: 9.28%
Maturity: Series 2021-A Commitment Termination Date is June 27, 2027; Legal Final Payment Date is June 27, 2028
Event: incurrence

Exact text from the filing

Amendment No. 4 to Second A&R Series 2021-A Supplement was entered into primarily to issue new Class B Notes thereunder to unaffiliated third parties in an aggregate principal amount equal to $300,000,000. The Series 2021-A Class B Notes have a fixed interest rate of 9.28%; the Series 2021-A Commitment Termination Date for such notes is June 27, 2027; the Legal Final Payment Date is June 27, 2028

View on SEC.gov

8 debt financings filed in the last 30 days. Browse all debt financings →

HERTZ GLOBAL HOLDINGS, INC filing history →

Source: SEC EDGAR

accession 0001628280-25-033537

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.