secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001657853-25-000027
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785325000027/0001657853-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785325000027/htz-20250312.htm
  HTML page:      https://secwatch.observer/filing/0001657853-25-000027

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