MENU
SEARCHThe rental operator has filed a registration statement for a proposed public offering of its common stock.
The public offering should commence in Q4 2021. Hertz will trade under its old symbol HTZ.
Photo via Enjosmith/Flickr
Hertz Global Holdings, Inc. announced on Oct. 15 that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to a proposed public offering of its common stock.
The news comes shortly after the company announced Mark Fields as interim CEO and Paul Stone president and chief operations officer.
The terms of the offering have not yet been determined, a news release states.
The offering is expected to be complete in the fourth quarter of 2021, subject to market conditions and completion of regulatory review.
Hertz currently trades on the over-the-counter market under the symbol "HTZZ". It intends to apply to list its common stock under the symbol "HTZ" on the Nasdaq Global Select Market in connection with the offering.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are acting as lead-bookrunning managers for the proposed offering. Barclays Capital Inc. and Deutsche Bank Securities Inc. are acting as additional bookrunners.
LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
Read More →
The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.
Read More →
West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
Read More →
Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.
Read More →
A Carwiz partner in Puerto Rico is taking on the Panama franchise with operations in the nation's largest airport.
Read More →
The integrated business model combines each operator’s local expertise with international standards to boost sales.
Read More →
The study looks at customer analytics to size up performance in car rentals, rideshare, airlines, lodging, and OTAs.
Read More →
