Hertz to use $500 million notes offering to pay down 8 7/8% notes

By Toni Weeks

San Diego, Jan. 25 - Hertz Global Holdings, Inc. said its Hertz Corp. subsidiary will use the proceeds of its $500 million senior notes due 2019 offering announced Tuesday to pay a portion of its 8 7/8% senior notes due 2014, according to a press release.

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.