Hertz Global Holdings Inc. Secures €100 Million in New Class C Notes through European ABS Amendments

Reuters
07-18
<a href="https://laohu8.com/S/HTZWW">Hertz Global</a> Holdings Inc. Secures €100 Million in New Class C Notes through European ABS Amendments

Hertz Global Holdings Inc. has announced amendments to its existing securitization platform agreements, enhancing its vehicle fleet financing activities in several European countries. As of July 17, 2025, affiliates of The Hertz Corporation entered into these amendments to facilitate the issuance of new Class C Notes under the European ABS facility. These notes, amounting to €100 million, are issued to unaffiliated third parties and come with a fixed interest rate of 10.54% and a maturity date in April 2027. The Class C Notes are subordinated to Class A and B notes and are issued on a revolving basis. The financing structure involves International Fleet Financing No. 2 B.V., a special purpose subsidiary of Hertz, which collaborates with several financial institutions, including BNPP Paribas Trust Corporation UK Limited and Credit Agricole Corporate and Investment Bank. The amendments are documented in the updated Issuer Facility Agreement and Master Definitions and Constructions Agreement.

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: 0001628280-25-035253), on July 17, 2025, and is solely responsible for the information contained therein.

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