Business News • MarketWire • Hertz Global Holdings Announces Proposed $400 Million Private Offering of Senior Notes by The Hertz Corporation |
Hertz Global Holdings Announces Proposed $400 Million Private Offering of Senior Notes by The Hertz Corporation |
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Hertz Global Holdings Announces Proposed $400 Million Private Offering of Senior Notes by The Hertz Corporation
PARK RIDGE, NJ--(Marketwire - September 20, 2010) - Hertz Global Holdings (NYSE: HTZ) ("Hertz Holdings") announced today that its wholly owned subsidiary, The Hertz Corporation ("Hertz"), intends to offer $400 million aggregate principal amount of 7.50% senior notes due 2018 (the "notes") in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), subject to market and other conditions. The notes are expected to constitute a further issuance of, will be fungible with and will be consolidated and form a single series with the 7.50% Senior Notes due 2018 priced on September 16, 2010 in the aggregate principal amount of US$300,000,000 and anticipated to be delivered on September 30, 2010. The notes will pay interest semi-annually in arrears. The notes are expected to be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz
View More : http://www.marketwire.com/mw/release.do?id=1321427&sourceType=3
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