Hertz calls Netherlands unit’s 4 3/8% senior notes due 2019

New York, March 9 – Hertz Global Holdings, Inc.’s Hertz Holdings Netherlands BV will redeem its €425 million of 4 3/8% senior notes due 2019 on April 4, according to a notice from the issuer.

The redemption price will be par plus the make-whole premium calculated using a discount rate of Bunds plus 50 basis points plus accrued interest.

Completion of the redemption is subject to conditions including closing of a debt financing that raises enough funds to pay for the repayment.

If the condition is not met by April 4 then the redemption may be postponed to as late as May 4.

Hertz is a car rental company based in Estero, Fla.

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