Business News • MarketWire • Hertz Refinances $5.5 Billion Since August 2009 |
Hertz Refinances $5.5 Billion Since August 2009 |
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Hertz Refinances $5.5 Billion Since August 2009
PARK RIDGE, NJ--(Marketwire - July 28, 2010) - Hertz Global Holdings, Inc. (NYSE: HTZ) and its subsidiary Hertz Vehicle Financing LLC announced today the successful completion of the Company's 2010 fleet debt refinancing for its largest rental markets. Hertz has refinanced $5.5 billion of fleet debt for its North American and European businesses. Approximately $400 million of fleet debt in Australia and Brazil remains to be refinanced which the Company expects to be completed by the fourth quarter of this year. With refinancing activities since August, 2009, Hertz has secured financing for its fleet and other, general purposes.
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