UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Securities Registered Pursuant to Section 12(b) of the Act
Title of each class | Trading Symbol(s) |
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Hertz Global Holdings, Inc. | ||||||
The Hertz Corporation | None | None | None |
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).
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Item 1.01 Entry into a Material Definitive Agreement
European ABS
On December 21, 2021, International Fleet Financing No. 2 B.V. (the “IFF No. 2”), an indirect, special purpose subsidiary of The Hertz Corporation (“Hertz”), amended its facility agreement, dated September 25, 2018 between, among others, IFF No. 2, Hertz Europe Limited (as Administrator), BNPP Paribas Trust Corporation UK Limited (as Security Trustee), and Credit Agricole Corporate and Investment Bank (as Administrative Agent) (the “European ABS Facility”) (i) to increase the aggregate maximum borrowings from €450 million to €750 million and (ii) to extend the maturity of the European ABS Facility from April 2022 to October 2023, effective as of December 21, 2021. In connection with the amendments, Hertz has entered into a performance guarantee with respect to certain obligations of certain of its subsidiaries in their capacities as lessees, servicers and administrators under the related documents entered into in connection with the European ABS Facility. The amendments also provide for certain operational flexibility regarding the use and composition of the fleet financed by the facility.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HERTZ GLOBAL HOLDINGS, INC. (each, a Registrant) | ||
Date: December 27, 2021 | By: | /s/ M. David Galainena |
Name: | M. David Galainena | |
Title: | Executive Vice President, General Counsel and Secretary |