Benzinga | Nov 30, 2021 04:07PM EST

Hertz Plans $2B Share Repurchase Program

* Hertz Global Holdings Inc (NASDAQ:HTZ) Board authorized a share repurchase program of up to $2 billion of common stock.

* The repurchase program is effective immediately and will initially comprise the remaining $200 million authorized for repurchase at the time of the company's offering and listing on NASDAQ.

* Hertz Global currently intends to maintain Net Corporate Leverage of no more than 1.5x.

* Price Action: HTZ shares are trading higher by 1.40% at $24.2 on the last check Monday.