---
title: "Hertz unit sells USD 350 million of 6.75% exchangeable senior first-lien secured PIK notes due 2030"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291187127.md"
description: "Hertz Global priced USD 350 million of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030, with an option for an additional USD 50 million. The notes feature semiannual interest payments starting Jan 1, 2027, split between cash and payment-in-kind components. The exchange rate is set at 279 shares per USD 1,000 principal, implying an initial price of approx USD 3.58 per share. Redemption is prohibited before Jan 6, 2029."
datetime: "2026-06-29T20:28:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291187127.md)
  - [en](https://longbridge.com/en/news/291187127.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291187127.md)
generator: "portal-rs"
---

# Hertz unit sells USD 350 million of 6.75% exchangeable senior first-lien secured PIK notes due 2030

-   Hertz Global priced USD 350 million of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030. \* Deal includes an option for initial purchasers to buy up to an additional USD 50 million within 13 days. \* Notes pay semiannual interest starting Jan. 1, 2027, split between 3.375% cash interest and 3.375% PIK interest. \* Exchange rate set at 279 shares per USD 1,000 principal amount, implying an initial exchange price of about USD 3.58 per share. \* Hertz Corp. cannot redeem the notes before Jan. 6, 2029. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hertz Global Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-078857), on June 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

### Related Stocks

- [HTZ.US](https://longbridge.com/en/quote/HTZ.US.md)
- [HTZWW.US](https://longbridge.com/en/quote/HTZWW.US.md)
- [HTZGQ.US](https://longbridge.com/en/quote/HTZGQ.US.md)

## Related News & Research

- [Hertz settles Cascia v. Farmer litigation, amends voting pact with CK Amarillo](https://longbridge.com/en/news/296535264.md)
- [HTZ DEADLINE: SueWallSt Reminds Hertz Global Holdings, Inc. Investors of Upcoming Securities Class Action Deadline](https://longbridge.com/en/news/296521017.md)
- [Hertz Data Shows Road Trips Will Dominate Fall Travel as Millennials Fuel the Trend | HTZ Stock News](https://longbridge.com/en/news/296382802.md)
- [Hertz data shows US fall travel shifts toward road trips over flights](https://longbridge.com/en/news/296382328.md)
- [SueWallSt Reminds Hertz Global Holdings Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of September 22, 2026 - HTZ](https://longbridge.com/en/news/295825997.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**