Hertz Reveals Upsize And Pricing Of $1B Offerings: Company Says It Consists Of $750M Of First Lien Senior Secured Notes And $250M Of Exchangeable Senior Second-lien Secured PIK Notes Issued By The Company
Portfolio Pulse from Benzinga Newsdesk
Hertz has announced the upsize and pricing of its $1 billion offerings, which include $750 million of first lien senior secured notes and $250 million of exchangeable senior second-lien secured PIK notes.
June 21, 2024 | 11:08 am
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Hertz has announced the upsize and pricing of its $1 billion offerings, consisting of $750 million in first lien senior secured notes and $250 million in exchangeable senior second-lien secured PIK notes.
The announcement of the $1 billion offerings indicates a strong demand for Hertz's debt, which could be seen as a positive signal by investors. The secured nature of the notes also suggests a lower risk profile, potentially boosting investor confidence.
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