In late June 2026, Hertz Global Holdings completed a US$100,000,000 follow-on offering of 37,037,037 common shares at US$2.70 each, alongside a planned US$300,000,000 exchangeable notes sale, after cutting its second-quarter earnings outlook due to higher depreciation and losses on used-vehicle sales. The twin equity and debt raises highlight how weaker used-car market conditions are pressuring Hertz’s profitability and prompting it to reinforce its balance sheet through fresh capital. We’ll…Read More
Hertz Global Holdings (HTZ) Is Down 47.7% After Dilutive Equity Raise And Cut Earnings Outlook
