04:48 AM EDT, 09/30/2025 (MT Newswires) -- Hertz Global Holdings ( HTZ ) said late Monday that its Hertz unit closed a $425 million offering of 5.5% exchangeable senior notes due 2030.

Initial purchasers fully exercised their option to buy up to an additional $50 million of notes.

The company said the transaction helps it further bolster its financial position with the support of Pershing Square and other investors, to further its ongoing corporate transformation.