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

Name:  
Email:  
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

Another Ridiculous “Used Fleet Vehicle” Scandal

While media reports concentrate on the sting and the “outrage,” where’s the empirical evidence that fleet vehicles are less mechanically sound than vehicles sold from private owners?

Will IoT Herald a New Era in Fleet Efficiency?

With the ELD rule finally in effect, small fleet operators need to hunt for new efficiencies. In transportation logistics, Internet of Things (IoT) systems could have similar lasting impacts as telematics.

Will Cars Become Transportation Appliances?

The cars are still the stars, but this year’s L.A. Auto Show revealed an auto industry at a crossroads.

Job Finder: Access Top Talent. Fill Key Positions.

>