Business News • MarketWire • Hertz Global Holdings Announces Pricing of $500 Million Private Offering of Senior Notes by the Hertz Corporation |
Hertz Global Holdings Announces Pricing of $500 Million Private Offering of Senior Notes by the Hertz Corporation |
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Hertz Global Holdings Announces Pricing of $500 Million Private Offering of Senior Notes by the Hertz Corporation
PARK RIDGE, NJ--(Marketwire - December 6, 2010) - Hertz Global Holdings (NYSE: HTZ) ("Hertz Holdings") announced today that its wholly owned subsidiary, The Hertz Corporation ("Hertz"), had entered into an agreement to sell $500 million aggregate principal amount of 7.375% Senior Notes due 2021 (the "Notes") in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The closing of the Offering is expected to occur on or about December 20, 2010, subject to customary closing conditions. The Notes will pay interest semi-annually in arrears. The Notes will be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz that guarantee its senior credit facilities.
View More : http://www.marketwire.com/mw/release.do?id=1364738&sourceType=3
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