HERTZ GLOBAL HOLDINGS, INC (HTZ): debt financing — Hertz issues $1B asset-backed notes via HVF III at rates 5.09%-10.67%

HERTZ GLOBAL HOLDINGS, INC

Issued $1B in two series: Series 2026-1 ($500M) and Series 2026-2 ($500M) on May 28, 2026.
Series 2026-1 Class A $327M at 5.09% to Class E $23M at 9.64%; Series 2026-2 Class A $327M at 5.40% to Class E $23M at 10.67%.
Proceeds used to repay Series 2021-A variable funding notes and for future vehicle acquisition or refinancing.
Notes are subordinated within each series: Class B through E junior to Class A.
Principal payments begin June 2029 (Series 2026-1) and June 2031 (Series 2026-2) with expected final payment November 2029/2031 respectively.

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 debt of $500,000,000 aggregate principal amount of Series 2026-1 Fixed Rate Rental Car Asset Backed Notes with unaffiliated third parties at Class A: 5.09%, Class B: 5.67%, Class C: 6.45%, Class D: 7.91%, Class E: 9.64% maturing Expected final payment date November 2029, legal final payment date November 2030.

Principal: $500,000,000 aggregate principal amount of Series 2026-1 Fixed Rate Rental Car Asset Backed Notes
Counterparty: unaffiliated third parties
Rate: Class A: 5.09%, Class B: 5.67%, Class C: 6.45%, Class D: 7.91%, Class E: 9.64%
Maturity: Expected final payment date November 2029, legal final payment date November 2030
Event: incurrence

Exact text from the filing

the Series 2026-1 Fixed Rate Rental Car Asset Backed Notes, Class A, Class B, Class C, Class D, and Class E, in an aggregate principal amount equal to $500,000,000

View on SEC.gov

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

HERTZ GLOBAL HOLDINGS, INC incurred debt of $500,000,000 aggregate principal amount of Series 2026-2 Fixed Rate Rental Car Asset Backed Notes with unaffiliated third parties at Class A: 5.40%, Class B: 6.08%, Class C: 6.76%, Class D: 8.60%, Class E: 10.67% maturing Expected final payment date November 2031, legal final payment date November 2032.

Principal: $500,000,000 aggregate principal amount of Series 2026-2 Fixed Rate Rental Car Asset Backed Notes
Counterparty: unaffiliated third parties
Rate: Class A: 5.40%, Class B: 6.08%, Class C: 6.76%, Class D: 8.60%, Class E: 10.67%
Maturity: Expected final payment date November 2031, legal final payment date November 2032
Event: incurrence

Exact text from the filing

the Series 2026-2 Fixed Rate Rental Car Asset Backed Notes, Class A, Class B, Class C, Class D, and Class E, in an aggregate principal amount equal to $500,000,000

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HERTZ GLOBAL HOLDINGS, INC entered into Series 2026-2 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $500,000,000 (effective 2026-05-28).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: $500,000,000
Effective: 2026-05-28

Exact text from the filing

(2) the Series 2026-2 Fixed Rate Rental Car Asset Backed Notes, Class A, Class B, Class C, Class D, and Class E, in an aggregate principal amount equal to $500,000,000, pursuant to the Series 2026-2 Supplement (the “ Series 2026-2 Supplement ”), dated as of May 28, 2026, among HVF III, as issuer, THC, as administrator, and BNYM, as trustee, to the Base Indenture

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HERTZ GLOBAL HOLDINGS, INC entered into Series 2026-1 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $500,000,000 (effective 2026-05-28).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: $500,000,000
Effective: 2026-05-28

Exact text from the filing

issued two series of notes to unaffiliated third parties: (1) the Series 2026-1 Fixed Rate Rental Car Asset Backed Notes, Class A, Class B, Class C, Class D, and Class E, in an aggregate principal amount equal to $500,000,000, pursuant to the Series 2026-1 Supplement (the “ Series 2026-1 Supplement ”), dated as of May 28, 2026, among HVF III, as issuer, THC, as administrator, and The Bank of New York Mellon Trust Company, N.A. (“ BNYM ”), as trustee, to the Base Indenture

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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 0001657853-26-000036

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