0001104659-26-053020
SEC filingHertz Vehicle Financing III issued $221.4 million aggregate principal Class E Notes across 11 series and extended key U.S. and European fleet financing facilities through amendments to existing supplements.
Hertz Global Holdings, through its bankruptcy-remote subsidiary HVF III (wholly-owned by THC), amended 11 Series Supplements on April 24, 2026 to issue $221.4 million in subordinated Class E Notes across Series 2022-5 through 2025-6. These notes, with principal amounts from $14.5M to $26.5M per series and fixed rates of 10.67%-12.54%, are junior to existing Class A-D notes and support THC's U.S. rental car fleet financing platform. Principal repayment begins on staggered First Principal Payment Dates (April 2027-May 2030) at 1/6th monthly until legal final dates through May 2032, subject to amortization events like payment failures or asset deficiencies. About $22M was acquired by CK Amarillo affiliates, signaling related-party support. Separately, Amendment No. 2 to Series 2021-A Supplement (April 28) extended variable funding notes' commitment to May 2028, maintaining $3.24B Class A capacity until May 2027. European ABS amendments (April 28) via IFF No. 2 extended Class A-C note maturities to April 2028 and raised commitments to €1.293B for fleet financing in Belgium, France, Germany, Italy, Netherlands, and Spain, backed by THC's guarantee. These actions enhance liquidity for vehicle acquisitions amid fleet management needs, with no immediate principal payments required absent triggers.