Hertz shares fall after debt plan and profit warning
Hertz car-rental location in San Francisco. (David Paul Morris/Bloomberg) June 24, 2026 5:30 pm, EDT key takeaways: Hertz fell 41% on June 24 after the car rental company warned of earnings pressure and planned new debt. The company plans to issue $300 million in convertible PIK notes and $100 million in shares to help note