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

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

2017: Fleet Mix Will Be Paramount

Car rental companies are migrating to vehicle segments with better residual values, though not without bumps in the road.

Auto Rental Summit: Five Trend Lines

Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent cars.

Job Finder: Access Top Talent. Fill Key Positions.