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Issuer / Guarantor
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Hertz Global Holdings Inc
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Size
|
USD 425mn
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|
Type
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Convertible
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|
Leads
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Jefferies, Morgan Stanley, Barclays, BMO Capital, BNP Paribas, Citizens JMP Securities, Credit Agricole, Deutsche Bank, Goldman Sachs, JP Morgan, RBC, Truist
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|
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Maturity
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01 Oct 2030 (5 years)
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|
Coupon
|
5.5% (5 - 5.5%)
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Premium
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32.5% (32.5%)
|
|
Calls
|
NC3; PC @ 130% w table MW
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|
Puts
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t/o @ 100%
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Div protection
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Ratio adjustment (Full)
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T/o protection
|
Make-whole table
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|
CoCo
|
130% to Jun 2030 (4.8 yrs)
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|
Announced
|
24 Sep 2025
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