Hertz Global Holdings Inc. has entered into Amendment No. 4 to the Second Amended and Restated Series 2021-A Supplement with its subsidiary, Hertz Vehicle Financing III LLC (HVF III), and financial institutions including Deutsche Bank AG, New York Branch, and The Bank of New York Mellon Trust Company. This amendment, finalized on June 27, 2025, allows the issuance of new Class B Notes to third-party investors. The proceeds are intended to repay HVF III's existing Series 2021-A Variable Funding Rental Car Asset Backed Notes and to finance the acquisition or refinancing of vehicles for Hertz's fleet. This strategic financial move is part of Hertz's ongoing efforts to optimize its vehicle financing operations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hertz Global Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-033537), on June 30, 2025, and is solely responsible for the information contained therein.