India, June 24 -- Shares of Hertz Global Holdings, Inc. (HTZ) are falling about 27 percent in Wednesday morning trading after the company plans to offer $100 million of common stock and $300 million of exchangeable senior first-lien secured PIK notes.
Shares of the company slipped 27.48 percent to $3.66 on the Nasdaq, compared with the previous closing price of $5.06. The stock has traded in a 52-week range of $3.64 to $8.44.
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