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

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Should Peer-to-Peer Renters Pay Airport Car Rental Fees?

The question is central to the City of San Francisco’s lawsuit against Turo for operating without a permit at San Francisco International Airport.

Hard Times Ahead for the Compact SUV Segment?

The hottest segment today is facing a glut of models and volume in tomorrow’s wholesale market.

Job Finder: Access Top Talent. Fill Key Positions.

>