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Published on 11/12/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Hertz to redeem 8½% senior secured notes via bond offering proceeds

By Tali David

Minneapolis, Nov. 12 - Hertz Global Holdings, Inc. subsidiary Hertz Holdings Netherlands BV plans to redeem all of its 8½% senior secured notes due July 2015 with the proceeds from a €425 million bond offering, according to a press release.

Hertz is a Park Ridge, N.J.-based auto and equipment rental company.


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