Hertz Global Holdings, INC 8-K filings

Hertz Corporation successfully issued $500 million in additional first lien senior secured notes and obtained necessary consents to amend terms of existing debt agreements.

Hertz Corporation has announced the pricing of $500 million in additional 12.625% First Lien Senior Secured Notes due 2029.

Hertz plans to issue $500 million in additional senior secured notes and is seeking consent from existing noteholders to amend certain terms.

Hertz Global Holdings reported a significant net loss of $1.3 billion for the third quarter of 2024, primarily due to a $1.0 billion non-cash asset impairment charge related to declining fleet residual values.

Hertz Global Holdings has increased its board size and appointed Francis Blake and Lucy Clark Dougherty as new directors, effective August 27, 2024.

Hertz Global Holdings reported a substantial net loss of $865 million for the second quarter of 2024, primarily due to increased vehicle depreciation costs associated with its accelerated fleet refresh program.

Hertz Global Holdings subsidiary, Hertz Vehicle Financing III LLC, issued $750 million in asset-backed notes to finance its U.S. rental car fleet and Hertz Global Holdings, Inc. adjusted its warrant exercise price.

Hertz Corporation finalizes a $750 million offering of first lien senior secured notes due 2029, alongside amendments to its European asset-backed securitization platform.

Hertz Corporation has increased its debt offering to $1 billion, issuing both first and second lien notes to pay down its revolving credit facility and improve liquidity.

Hertz plans to raise $750 million through a private debt offering to pay down existing debt and improve liquidity as part of a broader strategy to improve profitability.

Hertz Global Holdings has appointed Scott M. Haralson as its new Chief Financial Officer, effective by the end of June, while also announcing the departure of the current CFO and COO.

Hertz Global Holdings filed an amendment to its original 8-K report solely to correct the signatory's title, with no other changes to the original disclosure.

Hertz Global Holdings held its 2024 Annual Meeting of Stockholders, where directors were elected, the appointment of Ernst & Young LLP was ratified, and executive compensation was approved.

Hertz reported a significant net loss for the first quarter of 2024, driven by increased vehicle depreciation and operating costs, despite a rise in rental demand.

Hertz has entered into several amendments to its credit and vehicle financing facilities, increasing its financial flexibility and reducing risk in a volatile economic environment.

Hertz Global Holdings' Executive Vice President, General Counsel, and Secretary, Colleen Batcheler, has announced her resignation, effective April 10, 2024.

Fran Bermanzohn resigned from the Hertz Global Holdings Board of Directors effective March 19, 2024, citing no disagreements with the company's operations, policies, or practices.

Hertz Global Holdings has announced the resignation of CEO Stephen Scherr, effective March 31, 2024, and the appointment of Wayne Gil West as the new CEO, effective April 1, 2024.

Hertz Global Holdings, Inc. reports the return of Kelly Galloway as Senior Vice President, Chief Accounting Officer and Controller, effective February 27, 2024, after a temporary maternity leave.

Hertz reported a net loss for the fourth quarter of 2023, impacted by electric vehicle depreciation, while full year results showed a net income.

Hertz Global Holdings has announced the resignation of director Jeffrey Nedelman and the appointment of Michael Gregory O'Hara to the Board of Directors, effective January 19, 2024.

Hertz plans to sell approximately 20,000 electric vehicles from its U.S. fleet, about one-third of its global EV holdings, due to high depreciation and repair costs.