HERTZ GLOBAL HOLDINGS, INC (HTZ): debt financing — Hertz issues $1B in asset-backed notes across two series to finance rental car fleet

HERTZ GLOBAL HOLDINGS, INC

HVF III issued Series 2025-1 and 2025-2 notes, each $500M, with Class A-D notes per series.
Interest rates: Series 2025-1 Class A 4.91% to Class D 7.98%; Series 2025-2 Class A 5.13% to Class D 8.34%.
Expected final payment dates: Sep 2029 (Series 2025-1) and Sep 2031 (Series 2025-2); no principal due until April 2028/2030.
Proceeds used to repay outstanding Series 2021-A notes and for future vehicle acquisitions.
Notes secured by rental car assets; subordination structure with Class A senior to B, C, D.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HERTZ GLOBAL HOLDINGS, INC incurred senior notes of $500,000,000 at 4.91% to 7.98% maturing September 2029.

Instrument: senior notes
Principal: $500,000,000
Rate: 4.91% to 7.98%
Maturity: September 2029
Event: incurrence

Exact text from the filing

the Series 2025-1 Fixed Rate Rental Car Asset Backed Notes, Class A, Class B, Class C and Class D, in an aggregate principal amount equal to $500,000,000

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HERTZ GLOBAL HOLDINGS, INC incurred senior notes of $500,000,000 at 5.13% to 8.34% maturing September 2031.

Instrument: senior notes
Principal: $500,000,000
Rate: 5.13% to 8.34%
Maturity: September 2031
Event: incurrence

Exact text from the filing

the Series 2025-2 Fixed Rate Rental Car Asset Backed Notes, Class A, Class B, Class C, and Class D, in an aggregate principal amount equal to $500,000,000

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

HERTZ GLOBAL HOLDINGS, INC filing history →

Source: SEC EDGAR

accession 0001657853-25-000027

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