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Hertz Announces Private European Offering
PARK RIDGE, NJ--(Marketwire - June 20, 2010) - Hertz Global Holdings, Inc. (the "Company") (NYSE: HTZ) announced today that Hertz Holdings Netherlands B.V., a private company with limited liability incorporated under the laws of The Netherlands, intends to make a private offering of approximately ?275 million Senior Secured Notes. The notes will be guaranteed on a senior unsecured basis by The Hertz Corporation ("THC"), a wholly-owned subsidiary of the Company, and certain U.S. subsidiaries of THC and on a senior secured basis by certain Non-U.S. subsidiaries of THC. The net proceeds of the offering will be used to refinance the Company's outstanding International Fleet Debt facilities and Belgian Fleet Financing Facility and for general corporate purposes.
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