The Hertz Corporation · Bankruptcy · 2020
7.125% Senior Notes due 2026
The Hertz Corporation · ISIN US428040CY37. 8 verified questions on this obligation.
Verified outcome
Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.
Source clauses
First Supplemental Indenture of 2019-08-01
Base Indenture of 2019-08-01
- Currency
- USD
- Final maturity
- 2026-08-01
- Seniority
- Senior
- Governing law
- Article V
- Form
- Registered
- Transferable
- Yes (no contractual transfer restriction)
- Coupon
- 7.125%
Questions and verified answers
- #1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?Eligible
First Supplemental Indenture of 2019-08-01
Base Indenture of 2019-08-01
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
First Supplemental Indenture of 2019-08-01
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
Base Indenture of 2019-08-01
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
First Supplemental Indenture of 2019-08-01
- #5 Does the instrument meet the Not Bearer characteristic?Yes
Base Indenture of 2019-08-01
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?YesNone: no clause making principal contingent was found.
- #7 Does the instrument meet the Transferable characteristic?YesNone: no clause restricting transfer was found.
- #8 Is the issuer of the instrument the Reference Entity?Yes
First Supplemental Indenture of 2019-08-01
Documents
Terms come from these documents. Fields the record omits show as not stated.
- DOC-1 Hertz Global Holdings / The Hertz Corporation 8-K, Item 1.03 Bankruptcy, petition 2020-05-22excerpts
- DOC-2 First Supplemental Indenture dated August 1, 2019, 7.125% Senior Notes due 2026 (EX-4.2)excerpts
- DOC-3 Base Indenture dated August 1, 2019, The Hertz Corporation (EX-4.1)excerpts
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