Keep Your Eyes on Stock News: Hertz Global Holdings (NYSE:HTZ)

On Thursday Hertz Global Holdings (NYSE:HTZ) stock price moved upward at 0%. Its total market capitalization is $2313746257. Its day lowest price was $16.1 and its hit its day highest price at $16.53. The stock recent volume is 1921366 shares in comparison to its average trading volume of 2767712 shares. Looking at the stock’s price level on the past 52-week graph, HTZ recorded a 52-week high of $21.95 and its 52-week low of $11.24.

On Nov. 14, 2019, Hertz Global Holdings (NYSE:HTZ) released that its wholly-owned subsidiary, The Hertz Corporation (Hertz), intends to offer $750 million aggregate principal amount of senior unsecured notes due 2028 (the Notes), subject to market and other conditions, in a private offering (the Offering) exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act).

The Notes will pay interest semi-annually in arrears. The Notes are expected to be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz that guarantee its senior credit facilities from time to time.

Hertz intends to use the proceeds from the issuance of the Notes, together with available cash (if necessary), to redeem an amount (including premium and accrued but unpaid interest thereon) of Hertz’s 7.625% Senior Secured Second Priority Notes due 2022 (the Senior Secured Second Priority Notes) approximately equal to the net proceeds from the issuance of the Notes and pay premiums and accrued and unpaid interest in connection therewith and related transaction fees and expenses.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

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