Hertz plans to redeem its 10½% notes and $625 million of 8 7/8% notes

By Melissa Kory

Cleveland, Dec. 6 - Hertz Global Holdings, Inc. said its Hertz Corp. subsidiary intends to redeem in full its 10½% senior notes due 2016 and $625 million of its 8 7/8% senior notes due 2014, using proceeds from a proposed offering of $500 million of senior notes due 2021 and the recent sale of 7½% senior notes due 2018.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.