HERTZ GLOBAL HOLDINGS, INC - 8-K Filing
Hertz Global Holdings filed to disclose two note offerings by its subsidiary, Hertz Vehicle Financing III LLC (HVF III), totaling $1 billion in aggregate principal amount across Series 2026-1 and Series 2026-2. The notes are structured as rental car asset-backed securities with varying interest rates from 5.09% to 10.67%, expected final payment dates ranging through November 2032, and subordination among classes (e.g., Class E is subordinate to all higher-class notes). Proceeds were partially used to repay existing debt under HVF III's Series 2021-A Variable Funding Notes. (Items: 1.01 Entry into a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 9.01 Financial Statements and Exhibits)
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