Hertz Global Holdings Announces Proposed $1.2 Billion Private Offering Of Senior Notes

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Hertz Global Holdings, Inc.
HTZ
(the "Company") announced today that a newly-formed, wholly-owned subsidiary of the Company, HDTFS, Inc. (the "Escrow Issuer"), intends to offer $600,000,000 aggregate principal amount of senior notes due 2020 (the "2020 Notes") and $600,000,000 aggregate principal amount of senior notes due 2022 (the "2022 Notes" and, together with the 2020 Notes, 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. Each series of Notes will pay interest semi-annually in arrears. The final terms of each series of Notes will be determined at the time of pricing of the Notes.
Posted In: NewsFinancingOfferings
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