HERTZ GLOBAL HOLDINGS, INC - 8-K Filing
Hertz Global Holdings' subsidiary issued $350 million in 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030, with an option for initial purchasers to buy up to an additional $50 million. The notes are exchangeable into common stock at a price of approximately $3.58 per share and include covenants limiting debt incurrence and asset sales. Additionally, the company loaned 37,037,037 shares of its common stock at $2.70 per share to underwriters for public offering purposes. (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, 3.02 Unregistered Sales of Equity Securities, 8.01 Other Events)
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