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Hertz Global Holdings secures $300 million in a dilutive capital raise through Exchangeable Senior First-Lien Secured PIK Notes. This funding is critical for maintaining operational liquidity amid market challenges.
PUBLIC · HTZAug 18, 2026•about 6 hours ago
Amount Raised
$300 Million
Round Type
Debt Financing
EsteroTransportationTravelAutomotiveleisure, travel & tourismDescription
Hertz Global Holdings has announced a significant $300 million capital raise through Exchangeable Senior First-Lien Secured PIK Notes. This decision comes after the company faced unexpected softness in the used car market, impacting its liquidity. The raise is aimed at ensuring operational viability and addressing recent financial challenges. Investors are advised to review their positions ahead of potential market reactions.
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