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Actionable news in HTZ: HERTZ GLOBAL HOLDINGS Inc,

SECURITIES AND EXCHANGE COMMISSION

CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 28, 2017 (July 28, 2017)

HERTZ GLOBAL HOLDINGS, INC.

THE HERTZ CORPORATION (Exact name of registrant as specified in its charter)

DELAWARE001-3766561-1770902
DELAWARE001-0754113-1938568
(State of incorporation)(Commission File Number)(I.R.S Employer Identification No.)
8501 Williams Road
Estero, Florida 33928
8501 Williams Road
Estero, Florida 33928
(Address of principal executive offices, including zip code)
(239) 301-7000
(239) 301-7000
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

ITEM 8.01 OTHER EVENTS

The Hertz Corporation (“Hertz” or the “Company”), a wholly owned subsidiary of Hertz Global Holdings, Inc., is continuing to evaluate the transactions related to the recent issuance of Hertz’s 7.625% Senior Second Priority Secured Notes due 2022 (the “Second Lien Notes”) in connection with the repayment of certain of its indebtedness with the proceeds of the Second Lien Notes, which may include, among other options, repayments of outstanding borrowings under Hertz’s senior secured term loan, additional commitment reductions under Hertz’s senior secured revolving credit facility and/or redemptions and/or repurchases of certain of Hertz’s senior unsecured notes, including redemptions and/or repurchases of Hertz’s 6.75% Senior Notes due 2019 (the “2019 Notes”). The Second Lien Notes were issued by Hertz as part of an overall plan to optimize the Company's capital structure to accommodate the implementation of various business initiatives.

In accordance with the terms of the conditional notice of redemption (the “Conditional Redemption Notice”) previously delivered to the holders of the 2019 Notes, the consummation of all transactions related to the issuance of the Second Lien Notes is a condition precedent to the consummation of the redemption of the 2019 Notes. In that regard, Hertz delivered a notice to the Trustee on July 28, 2017 informing the Trustee that all of the conditions precedent to the consummation of the redemption of the 2019 Notes set forth in the Conditional Redemption Notice have not been, and will not be, satisfied by July 29, 2017 and thus the Conditional Redemption Notice has been rescinded and is of no further force and effect for any...


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