HERTZ GLOBAL HOLDINGS, INC (HTZ) Form SCHEDULE 13D/A — Oct 21, 2026
Hertz's controlling investor group — CK Amarillo, Certares and Knighthead, collectively holding 50.9% of common stock — filed Amendment No. 13 to its Schedule 13D disclosing a joint venture around the Oro Mobility business formed on October 16, 2026. The JV Investors purchased Class A Common Units representing 50% of the JV's voting units (about 15.86% of common units pre-MIP dilution) for approximately $80.89 million in cash.
Key figures
- Jv board seats
- 6 (3 issuer / 3 JV Investors)
- Ownership percent
- 50.9%
- Notes discount to par
- 60%
- Cash transferred to jv
- 60030000
- Notes repurchase price
- 20860000
- Shares beneficially owned
- 181455469
- Notes principal repurchased
- 51100000
- Jv common units purchased percent
- 15.86%
- Jv voting units purchased percent
- 50%
- Jv investor purchase consideration
- 80890000
AI analysis
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