Hertz to Offer $250M Exchangeable Notes Due 2030

Hertz Global Holdings, Inc. reported that its wholly owned indirect subsidiary, The Hertz Corporation, plans a private offering of $250 million aggregate principal amount of Exchangeable Senior Notes due 2030.

Rhea-AI Filing Summary

Hertz Global Holdings, Inc. reported that its wholly owned indirect subsidiary, The Hertz Corporation, plans a private offering of $250 million aggregate principal amount of Exchangeable Senior Notes due 2030. The notes will be offered in a transaction exempt from the registration requirements of the Securities Act of 1933.

The company emphasized that the offering is subject to market and other conditions and to the satisfaction of customary closing requirements. A press release with further details was issued on September 24, 2025 and furnished as an exhibit. The company also included standard cautionary language about forward‑looking statements and related risks.

Insights

Capital structure and credit analyst

Hertz plans a $250M private exchangeable note offering due 2030.

Hertz Global Holdings disclosed that subsidiary The Hertz Corporation intends to offer $250 million of Exchangeable Senior Notes due 2030. Because the notes are exchangeable, investors may later exchange debt into another reference instrument, typically equity or a related security, under terms set in the offering documents.

The transaction is a private offering exempt from Securities Act registration, so placement will be with qualified investors rather than via a public securities registration. Completion depends on market conditions, including interest rates, and customary closing conditions, meaning the size or pricing could change or the deal may not close.

The company also highlighted broader business uncertainties, including travel industry conditions and its profitability initiatives. Future information on the final note terms, use of proceeds, and any exchange features would likely appear in subsequent company communications or periodic reports once the offering is completed.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Hertz Global Holdings (HTZ) announce in this 8-K?

Hertz announced that its subsidiary, The Hertz Corporation, intends to offer $250 million of Exchangeable Senior Notes due 2030 in a private offering exempt from Securities Act registration, subject to market conditions and customary closing requirements.

How large is Hertz’s planned exchangeable senior notes offering?

The planned offering totals $250 million in aggregate principal amount of Exchangeable Senior Notes due 2030. This figure reflects the face value of debt Hertz intends to place with investors through a private transaction, rather than a registered public securities offering.

Who is issuing the $250 million Exchangeable Senior Notes for Hertz (HTZ)?

The issuer of the $250 million Exchangeable Senior Notes due 2030 is The Hertz Corporation, a wholly owned indirect subsidiary of Hertz Global Holdings, Inc. Hertz Holdings is the parent company and furnished the 8-K describing the planned private note offering.

Is Hertz’s $250 million notes transaction a public or private offering?

The $250 million Exchangeable Senior Notes due 2030 will be offered in a private offering. Hertz states the transaction is exempt from the registration requirements of the Securities Act of 1933, meaning it is not being registered as a public securities sale.

What conditions could affect completion of Hertz’s 2030 exchangeable notes deal?

Hertz indicates the offering is subject to market and other conditions and to customary closing requirements. It specifically mentions risks related to completing the offerings on anticipated terms or at all, including market interest rates and other evolving uncertainties.

Where can investors find more details on Hertz’s $250 million notes offering?

Further details are in a press release dated September 24, 2025, furnished as Exhibit 99.1. Hertz also references risk factors in its Form 10-K for the year ended December 31, 2024 and subsequent Form 10-Q filings for additional context on company risks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 09/24/2025 - 04:39 PM Learn about SEC filing dates

false 0001657853 0001657853 2025-09-24 2025-09-24 0001657853 HTZ:TheHertzCorporationMember 2025-09-24 2025-09-24 0001657853 HTZ:CommonStockParValue0.01PerShareMember 2025-09-24 2025-09-24 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

CIK: 0000047129

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) September 24, 2025

HERTZ GLOBAL HOLDINGS, INC. 

THE HERTZ CORPORATION

(Exact name of registrant as specified in its charter)

Delaware		001-37665		61-1770902
Delaware		001-07541		13-1938568
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

8501 Williams Road

Estero, Florida

33928

239 301-7000

(Address, including Zip Code, and

telephone number, including area code,

of registrant's principal executive offices)

Not Applicable

Not Applicable

(Former name, former address and

former fiscal year, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

		Title of Each Class		Trading Symbol(s)		Name of Each Exchange on which Registered
Hertz Global Holdings, Inc.		Common Stock par value $0.01 per share		HTZ		The Nasdaq Stock Market LLC
Hertz Global Holdings, Inc.		Warrants to purchase common stock		HTZWW		The Nasdaq Stock Market LLC
The Hertz Corporation		None		None		None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01 Other Events

On September 24, 2025, Hertz Global Holdings, Inc. (the “Company,” “Hertz Holdings,” “we,” “us” or “our”) announced that its wholly-owned indirect subsidiary, The Hertz Corporation (“Hertz Corp.”), intends to offer, subject to market and other conditions, $250 million in aggregate principal amount of Exchangeable Senior Notes due 2030 (the “Notes”), in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). A copy of the press release issued by the Company on September 24, 2025 announcing the offerings of the Notes is furnished as Exhibit 99.1 hereto and incorporated by reference herein.

***

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the federal securities laws. Words such as “expect,” “will” and “intend” and similar expressions identify forward-looking statements, which include but are not limited to statements related to the offering of the Notes described herein, our ability to achieve the cost savings and revenue enhancements from our profitability initiatives and other operational programs, our positioning, strategy, vision, forward looking investments, conditions in the travel industry, our contingent liabilities and our financial and operational condition. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including risks and uncertainties related to completion of the offerings on the anticipated terms or at all, market conditions (including market interest rates) and the satisfaction of customary closing conditions related to the offerings, unanticipated uses of capital and those in our risk factors that we identify in the offering memorandums for these offerings and our most recent annual report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 18, 2025, and any updates thereto in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. We caution you not to place undue reliance on our forward-looking statements, which speak only as of their date, and we undertake no obligation to update this information.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit	Description
99.1	Press Release of Hertz Global Holdings, Inc. dated September 24, 2025
104.1	Cover page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HERTZ GLOBAL HOLDINGS, INC. THE HERTZ CORPORATION
(each, a Registrant)
By:	/s/ SCOTT M. HARALSON
Name:	Scott M. Haralson
Title:	Executive Vice President and Chief Financial Officer

Date: September 24, 2025