---
schema_version: "secwatch.filing_event.v1"
accession: "0001657853-25-000027"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2025-03-12T23:59:59+00:00"
generated_at: "2026-05-24T22:36:04.670769+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hertz issues $1B in asset-backed notes across two series to finance rental car fleet

## Summary
- 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.

## SEC filing metadata
- accession: 0001657853-25-000027
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2025-03-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000165785325000027/0001657853-25-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000165785325000027/htz-20250312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001657853-25-000027
- JSON: https://secwatch.observer/filing/0001657853-25-000027.json
- Plain text: https://secwatch.observer/filing/0001657853-25-000027.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.