Hertz Offers Notes in Private Placement

Hertz Global Holdings Inc. announced today that it intends to a make private offering of asset-backed notes to fund vehicle purchases and repay debt.

The car rental company said Hertz Vehicle Financing LLC, a special purpose limited liability company, plans to sell these notes - Series 2009-2 Rental Car Asset Backed Notes, Class B - to qualified institutional buyers.

The company said the notes may also be offered to investors outside the United States.

In addition to vehicle purchases and debt repayment, Hertz said proceeds from the offerings will be used for the company's general purposes.

Comment On This Story

Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.


Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Trends Moving the Truck Market

Storylines that emerged from the 2018 Work Truck Show include the increasing need for on-site productivity, inclusion of active safety systems in trucks, DPF frustrations affecting product decisions, data management, and the growing link between fleet management and company revenue.

MIT Study Reinforces the Newfound Importance of Fleet

Uber and Lyft drivers make far less when factoring vehicle expenses, though the actual numbers are now in dispute. A proper lifecycle cost analysis would’ve helped, and shows the benefit of collaboration with fleet professionals.

Job Finder: Access Top Talent. Fill Key Positions.