HERTZ GLOBAL HOLDINGS, INC (HTZ): debt financing — Hertz issues €100M Class C Notes at 10.54% under European ABS facility

HERTZ GLOBAL HOLDINGS, INC

Issued €100M Class C Notes under European ABS facility; maturity April 2027.
Fixed interest rate of 10.54%; notes subordinated to existing Class A and B notes.
Issued on revolving basis; proceeds used for fleet vehicle purchases by special purpose subsidiaries.
Amendments to Issuer Facility Agreement and Master Definitions and Constructions Agreement effective July 17, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.93

HERTZ GLOBAL HOLDINGS, INC incurred debt of €100,000,000 with affiliates of The Hertz Corporation and unaffiliated third parties at 10.54% maturing April 2027.

Principal: €100,000,000
Counterparty: affiliates of The Hertz Corporation and unaffiliated third parties
Rate: 10.54%
Maturity: April 2027
Event: incurrence

Exact text from the filing

On July 17, 2025, affiliates of The Hertz Corporation (“ THC ”) entered into amendments to the agreements governing the securitization platform for financing activities relating to such affiliates' vehicle fleets in Belgium, France, Germany, Italy, the Netherlands, and Spain (the “ European ABS ”) for the issuance of new Class C Notes under the European ABS facility to unaffiliated third parties in an aggregate principal amount equal to €100,000,000 (the “ Amendments ”).

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Source: SEC EDGAR

accession 0001628280-25-035253

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