Hertz Global (HTZ) Falls on New $685-Million Debt Issuance

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is one of the 10 Stocks Crash Hard on a Roaring Monday.

Hertz Global declined for a second day on Monday, shedding 3.39 percent to finish at $6.83 apiece following the issuance of a new $685-million debt.

According to the company, its subsidiary Hertz Vehicle Financing III LLC issued two series of notes in a bid to raise funds for operational liquidity and fleet expansion.

Three days prior, Hertz Vehicle Financing III also amended its Series 2021-A Supplement to issue $300 million in new Class B Notes with a fixed interest rate of 9.28 percent. The notes have a tenor of three years and will mature in June 2028.

Hertz Global (HTZ) Falls on New $685-Million Debt Issuance

A fleet of cars parked at a car rental company’s headquarters, symbolizing the company’s commitment to servicing its customers.

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is an American car rental company based in Florida, which owns brands, namely Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental. It is set to announce the results of its second quarter earnings performance on August 7, 2025.

While we acknowledge the potential of HTZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.