Hertz Upsizes Exchangeable Senior Notes Offering to $375 Million
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Hertz Global Holdings Inc. has upsized its private offering of 5.500% Exchangeable Senior Notes due 2030 to $375 million, increased from $250 million. The offering is expected to close around September 29, 2025. Hertz anticipates net proceeds of approximately $360.13 million, which will be used for capped call transactions, redeeming outstanding Senior Notes due 2026, and general corporate purposes. The Notes will be guaranteed by Hertz Global Holdings and its subsidiaries.
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