Hertz Announces Receipt of Requisite Consents from Holders to Amend its 12.625% First Lien Senior Secured Notes Due 2029 and 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029 and Expiration of Consent Solicitations
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Hertz Global Holdings, Inc. announced it has received the necessary consents to amend provisions of its 12.625% First Lien Senior Secured Notes and 8.000% Exchangeable Senior Second-Lien PIK Notes, both due in 2029. This marks the expiration of its consent solicitations.
December 13, 2024 | 1:15 pm
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Hertz Global Holdings has successfully obtained consents to amend its 2029 notes, which could improve its financial flexibility and potentially impact its credit profile.
The successful amendment of the notes indicates Hertz's ability to negotiate terms with noteholders, which may improve its financial flexibility and credit profile. This could be seen positively by investors, potentially leading to a short-term positive impact on the stock price.
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