{"filing":{"accession_number":"0001104659-26-078857","cik":"0000047129","ticker":null,"company_name":"HERTZ CORP","form":"8-K","filing_date":"2026-06-29","report_date":null,"primary_document":"tm2619276d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/47129/000110465926078857/tm2619276d1_8k.htm"},"events":[{"id":14663,"run_id":13063,"accession_number":"0001104659-26-078857","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Hertz Corp. completed an offering of $350 million aggregate principal amount of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030 pursuant to an Indenture dated June 29, 2026. This represents a material creation of a new direct financial obligation with specified interest rates, maturity date, exchange features, and covenants.","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-06-29","form":"8-K","submitted_at":null,"items":[{"id":12153,"accession_number":"0001104659-26-078857","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Hertz Global completed an offering of $350 million aggregate principal amount of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030 pursuant to an Indenture dated June 29, 2026. This is a direct creation of a new financial obligation—a debt issuance—which is material to investors as it increases the company's leverage and creates new payment obligations and covenants. The exchangeable feature does not change the fundamental character of the instrument as debt.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-29T20:29:44.012916+00:00","company_name":"","ticker":null,"filing_date":""},{"id":12154,"accession_number":"0001104659-26-078857","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 2.03 explicitly addresses creation of a direct financial obligation. The filing incorporates Item 1.01 by reference, which typically covers material acquisitions, dispositions, or other significant transactions. Without access to Item 1.01 details, the most probable event is debt issuance or a material transaction creating a financial obligation. The incorporation-by-reference structure is standard for debt offerings and M\u0026A activity.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-29T20:29:44.012916+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":14664,"run_id":13063,"accession_number":"0001104659-26-078857","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Hertz issued Exchangeable Notes in a private placement under Section 4(a)(2) and Rule 144A to qualified institutional buyers, with a maximum of 148.2 million shares of Common Stock potentially issuable upon exchange (or 169.4 million if the greenshoe is exercised). This unregistered offering of convertible securities materially affects shareholder equity and voting power.","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-06-29","form":"8-K","submitted_at":null,"items":[{"id":12155,"accession_number":"0001104659-26-078857","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Hertz issued Exchangeable Notes in a private placement under Section 4(a)(2) and Rule 144A to qualified institutional buyers, with a maximum of 148.2 million shares of Common Stock potentially issuable upon exchange (or 169.4 million if the greenshoe is exercised). This is a classic dilutive issuance of convertible securities that will result in substantial equity dilution to existing shareholders.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-29T20:29:44.012916+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":14665,"run_id":13063,"accession_number":"0001104659-26-078857","anchor_item_number":"8.01","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"Hertz entered into an underwriting agreement on June 24, 2026 for the public offering of 37,037,037 shares of Common Stock at $2.70 per share, with shares loaned to J.P. Morgan Securities LLC under a share lending agreement. This registered public offering on Form S-3 represents a material equity issuance that dilutes existing shareholders.","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-06-29","form":"8-K","submitted_at":null,"items":[{"id":12156,"accession_number":"0001104659-26-078857","item_number":"8.01","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Hertz entered into an underwriting agreement on June 24, 2026 for the sale of 37,037,037 shares of Common Stock at $2.70 per share through a public offering registered on Form S-3. The shares were loaned to J.P. Morgan Securities LLC under a share lending agreement. This constitutes a material dilutive equity issuance that would significantly affect shareholder ownership percentages and is disclosed under Item 8.01 as a material event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-29T20:29:44.012916+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":12153,"accession_number":"0001104659-26-078857","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Hertz Global completed an offering of $350 million aggregate principal amount of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030 pursuant to an Indenture dated June 29, 2026. This is a direct creation of a new financial obligation—a debt issuance—which is material to investors as it increases the company's leverage and creates new payment obligations and covenants. The exchangeable feature does not change the fundamental character of the instrument as debt.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-29T20:29:44.012916+00:00","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-06-29"},{"id":12154,"accession_number":"0001104659-26-078857","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 2.03 explicitly addresses creation of a direct financial obligation. The filing incorporates Item 1.01 by reference, which typically covers material acquisitions, dispositions, or other significant transactions. Without access to Item 1.01 details, the most probable event is debt issuance or a material transaction creating a financial obligation. The incorporation-by-reference structure is standard for debt offerings and M\u0026A activity.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-29T20:29:44.012916+00:00","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-06-29"},{"id":12155,"accession_number":"0001104659-26-078857","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Hertz issued Exchangeable Notes in a private placement under Section 4(a)(2) and Rule 144A to qualified institutional buyers, with a maximum of 148.2 million shares of Common Stock potentially issuable upon exchange (or 169.4 million if the greenshoe is exercised). This is a classic dilutive issuance of convertible securities that will result in substantial equity dilution to existing shareholders.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-29T20:29:44.012916+00:00","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-06-29"},{"id":12156,"accession_number":"0001104659-26-078857","item_number":"8.01","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Hertz entered into an underwriting agreement on June 24, 2026 for the sale of 37,037,037 shares of Common Stock at $2.70 per share through a public offering registered on Form S-3. The shares were loaned to J.P. Morgan Securities LLC under a share lending agreement. This constitutes a material dilutive equity issuance that would significantly affect shareholder ownership percentages and is disclosed under Item 8.01 as a material event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-29T20:29:44.012916+00:00","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-06-29"}]}