Hertz To Raise $1.5B Via Debt Offering

Hertz Global Holdings Inc's HTZ wholly-owned indirect subsidiary, The Hertz Corporation, intends to offer $1.5 billion of senior unsecured notes due 2026 and senior unsecured notes due 2029 in a private offering.
The Notes will pay interest semi-annually in arrears. Hertz Corp. intends to use the proceeds, together with available cash, to repurchase Series A preferred stock and general corporate purposes.
Price Action: HTZ shares are trading higher by 0.80% at $23.275 on the last check Wednesday.