secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2026-06-02T20:42:59+00:00
Accession:  0001657853-26-000036
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz issues $1B asset-backed notes via HVF III at rates 5.09%-10.67%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785326000036/0001657853-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785326000036/htz-20260528.htm
  HTML page:      https://secwatch.observer/filing/0001657853-26-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer