Hertz Global Holdings, Inc. (HTZ), Thursday announced the launch of First Lien Senior Secured Notes of $500 million and Exchangeable Senior Second-Lien Secured PIK Notes of $250 million, both maturing in 2029.
The rental and leasing service provider intends to use the proceeds for paying off a portion of revolving credit facility of $2 billion, and improving liquidity.
Additionally, the company has received offers from CK Amarillo LP and another investor to purchase notes worth $250 million.
Currently, Hertz's stock is falling 3.72 percent, to $2.975 on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.