Hertz Issues $1 Billion in Rental Car Asset-Backed Notes

Reuters05:07
<a href="https://laohu8.com/S/HTZ">Hertz</a> Issues $1 Billion in Rental Car Asset-Backed Notes

Hertz Global Holdings Inc., through its subsidiary Hertz Vehicle Financing III LLC, has announced the issuance of two series of fixed rate rental car asset backed notes. The Series 2025-5 Notes were issued in an aggregate principal amount of $450 million, while the Series 2025-6 Notes totaled $550 million. These medium-term notes are part of Hertz's ongoing strategy to finance its U.S. rental car fleet via the HVF III securitization platform. The offerings consist of Class A, B, C, and D notes for each series, with specified interest rates and expected final payment dates ranging to May 2029 and legal final payment dates to May 2030.

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