Hertz Global Holdings, Inc. announced a private offering of $375 million in exchangeable senior notes, increased from $250 million, with an option for an additional $50 million. The offering is expected to close on September 29, with net proceeds of $360.13 million, or $408.38 million if the option is exercised in full. The funds will be used for capped call transactions, partial redemption of outstanding senior notes due 2026, and general corporate purposes. This move aims to strengthen Hertz’s financial position and support its operational activities.

Read more at Nasdaq: Hertz Prices Upsized $375 Mln Private Offering Of Exchangeable Senior Notes