- Hertz Global Holdings (NASDAQ:HTZ) announced that its wholly-owned indirect subsidiary, The Hertz Corporation to sell $500M of 4.625% senior unsecured notes due 2026 and $1B of 5.000% senior unsecured notes due 2029 in a private offering.
- The offering is expected to close on or about November 23, 2021.
- Interest on the notes will pay interest semi-annually in arrears.
- Proceeds together with available cash will be used to repurchase all or a portion of the outstanding shares of company's Series A preferred stock and the company may retain up to $250M of net proceeds for general corporate purposes.
Hertz prices $1.5B debt offering
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| Symbol | Last Price | % Chg |
|---|---|---|
| HTZ | - | - |
| Hertz Global Holdings, Inc. | ||