04:19 PM EDT, 06/14/2024 (MT Newswires) -- Hertz Global Holdings ( HTZ ) is looking to raise $500 million through senior secured debt with a five-year maturity and 12% coupon, Bloomberg News reported Friday, citing unnamed sources.

JPMorgan Chase (JPM) and Barclays (BCS) are reportedly in discussions with investors on behalf of Hertz for the debt offering.

Hertz is also negotiating with investors to raise an additional $200 million via convertible bonds, the media outlet reported.

JP Morgan declined to comment on the matter.

Hertz and Barclays didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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