Hertz issues $750M ABS notes in two series; warrant exercise price adjusted to $13.61

HERTZ GLOBAL HOLDINGS, INC

HVF III issued $375M Series 2024-1 notes (Class A-D, rates 5.44%-9.22%) and $375M Series 2024-2 notes (rates 5.48%-9.41%).
Proceeds used to repay Series 2021-A VFN and fund future vehicle acquisitions under the lease.
Hertz Global provided a parent guarantee for the First Lien Credit Facility, consistent with existing guarantees.
Warrant exercise price adjusted from $13.80 to $13.61; each warrant now exercisable for 1.0140 shares of HTZ common.

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