Related Party Transactions |
9 Months Ended |
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Sep. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions In October 2026, Hertz and certain investors (the "JV Investors"), including certain funds or accounts affiliated with Certares Opportunities LLC ("Certares") and/or Knighthead Capital Management, LLC ("Knighthead"), entered into a joint venture arrangement (the "Joint Venture") related to Oro Mobility Holdings LLC ("Oro"). As part of the Joint Venture, Hertz and the JV Investors entered into a purchase agreement (the "Purchase Agreement") pursuant to which the JV Investors agreed to purchase Class A Common Units of Oro from Hertz for approximately $81 million, of which Certares and/or Knighthead contributed approximately $39 million. Concurrently, Hertz agreed to repurchase approximately $51 million aggregate principal of Exchangeable Notes Due 2029 from Certares and/or Knighthead for approximately $21 million, representing a 60% discount to par. Additionally, Hertz, Hertz Transporting, Inc. ("HTI") and the JV Investors entered into a limited liability agreement of Oro (the "LLC Agreement") effective as of October 19, 2026. See Note 15, "Subsequent Events," for further information.
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