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Hertz Announces Pricing of Offering of 37,037,037 Shares of Common Stock

HTZ
  • Hertz Global Holdings priced an SEC-registered offering of 37,037,037 common stock shares at $2.70 per share.
  • The shares, designated as "Borrowed Shares," are loaned to J.P. Morgan Securities LLC, an underwriter, under a share lending agreement.
  • J.P. Morgan Securities LLC will receive all proceeds from the sale of Borrowed Shares, while Hertz receives only a nominal lending fee.
  • The Share Borrower intends to sell the shares to create a short position, enabling investors in Hertz Corp. Notes to hedge via short sales or derivatives.
  • The Borrowed Shares offering is contingent upon the closing of a private offering of Exchangeable Senior First-Lien Secured PIK Notes due 2030 by Hertz Corp.
  • The Notes offering is not contingent on the closing of the Borrowed Shares offering.
  • Copies of the prospectus are available from J.P. Morgan Securities LLC or Barclays Capital Inc. via Broadridge Financial Solutions.
  • The press release includes forward-looking statements subject to risks detailed in the prospectus and the Form 10-K filed February 26, 2026.