Hertz Completes Notes Issuance
Stock quotes in this article:
HTZ
PARK RIDGE, N.J. (AP) — Rental car company Hertz Global Holdings Inc. said Friday that its subsidiary, Hertz Vehicle Financing LLC, has completed isuing $1.2 billion in medium term notes.
The Series 2009-2 Rental Car Asset Backed Notes are split into $500 million of 3-year 4.26 percent notes expected to mature in March 2013 and $700 million of 5-year 5.29 percent notes expected to mature in March 2015. The notes have an advance rate of about 66 percent. Hertz shares fell 28 cents, or 2.7 percent, to $9.99 in afternoon trading.- Loading Comments...
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