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.
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