Hertz Global Holdings, Inc. has announced that its subsidiary, The Hertz Corporation, has received the necessary consents to amend certain provisions of its existing 12.625% first lien senior secured notes due 2029 and 8.000% exchangeable senior second-lien PIK notes due 2029. The consent solicitations expired on December 12, 2024, and were made in conjunction with the completion of an offering of an additional $500.0 million aggregate principal amount of 12.625% first lien senior secured notes due 2029.
The consents received were sufficient to effect the proposed amendments to the indenture governing the exchangeable notes and the first lien notes. As a result, the company has entered into supplemental indentures to effect the proposed amendments, which will become operative upon the payment of the applicable consent fee to the holders of the existing notes.
Hertz Global Holdings, Inc. operates the Hertz, Dollar, and Thrifty vehicle rental brands across various regions globally. Additionally, the company owns and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales. Today the company's shares have moved -1.4% to a price of $4.22. For the full picture, make sure to review Hertz Global's 8-K report.
