Hertz Global Holdings announced the successful extension of several key credit facilities, significantly strengthening its financial foundation and enhancing strategic flexibility. The company extended $1.665 billion of commitments under its First Lien Revolving Credit Facility (RCF) from June 2026 to March 2028.
Additionally, Hertz secured extensions for $2.860 billion of commitments under its HVF III U.S. Vehicle Variable Funding Notes and €1.160 billion under its European ABS facilities. These extensions ensure that Hertz maintains access to substantial capital to support its strategic needs and vehicle fleet management.
CEO Gil West stated that these extensions are a testament to the progress of the company's transformation and reflect lender confidence in its ability to achieve long-term goals. This move provides Hertz with the necessary liquidity to continue executing its 'Back-to-Basics Roadmap' focused on disciplined fleet management, revenue optimization, and rigorous cost control.
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