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Hertz Extends Financing

Hertz Extends Financing Featured

Hertz Global Holdings Inc. announced that its wholly-owned subsidiary, The Hertz Corp., extended approximately $5.3 billion in aggregate principal for global bank-funded vehicle financing facilities.
The company also has allocated the remaining net proceeds from the recent issuance of notes that it was holding as restricted cash. Additionally, Hertz has amended certain provisions of its senior facilities and has entered into a new $400 million standalone letter of credit facility.
These moves allow Hertz to extend its vehicle debt maturities of approximately $5.3 billion through March 2020.

Last modified on Sunday, 05 November 2017 19:23