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HTZ Jan 2025 4.000 put
| Previous close | 1.1000 |
| Open | 1.1000 |
| Bid | 1.0500 |
| Ask | 1.2000 |
| Strike | 4.00 |
| Expiry date | 2025-01-17 |
| Day's range | 1.1000 - 1.1500 |
| Contract range | N/A |
| Volume | |
| Open interest | 10.8k |
PR NewswireHertz Announces Upsize and Pricing of $1 Billion Offerings
Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz" or the "Company"), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation ("Hertz Corp."), has entered into agreements to sell $750 million (representing an upsize from the previously announced $500 million) aggregate principal amount of 12.625% First Lien Senior Secured Notes due 2029 (the "First Lien Notes") and $250 million aggregate principal amount of 8.000% Exchangeable Senior
ReutersRental car firm Hertz plans to raise $750 million through notes
In early June, Hertz named Spirit Airlines CFO Scott Haralson as its new finance chief, after the declining demand for the EVs in its stock pushed the company into further losses. With weak demand for EVs weighing on earnings, Hertz is slimming down the business and plans to sell 10,000 more EVs, taking its total planned sales to 30,000 this year. Hertz said on Thursday it may not achieve the 11,000 remaining planned EV disposals in the time and manner it expects.
