secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001657853-23-000044
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz subsidiary issues $760M in asset-backed notes across two series
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- Series 2023-1: $460M (Class A 5.49%, B 6.22%, C 6.91%, D 9.13%); Series 2023-2: $300M (A 5.57%, B 6.49%, C 7.13%, D 9.40%).
- Proceeds used to repay Series 2021-A notes; excess capacity to fund eligible vehicles including zero-emissions vehicles.
- Hertz purchased $40M of Series 2023-1 Class D notes; notes are subordinated within each series.
- Expected final payment June 2026 (Series 2023-1) and Sept 2028 (Series 2023-2); legal final June 2027 and Sept 2029.
- Amortization events could accelerate principal payments; no principal due until Jan 2026 (Series 2023-1) and Apr 2028 (Series 2023-2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785323000044/0001657853-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785323000044/htz-20230302.htm
  HTML page:      https://secwatch.observer/filing/0001657853-23-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer