Hertz announces it will sell €225 million 4 1/8% notes due 2021

By Paul A. Harris

Portland, Ore., Sept. 14 – Hertz Holdings Netherlands BV announced in a Wednesday press release that it has entered into an agreement to sell €225 million of its 4 1/8% senior notes due 2021 via Rule 144A and Regulation S.

The deal is expected to close on or about Sept. 22.

Proceeds, together with available cash, will be used to repay amounts outstanding under the European revolver and to finance European fleet operations.

Hertz is a vehicle rental company.

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