PARK RIDGE, N.J., March 30, 2012 /PRNewswire/ -- Hertz Global Holdings, Inc. (the " Company") (NYSE: HTZ) today announced that the Company's $474,737,000 aggregate principal amount outstanding of 5.25% Convertible Senior Notes Due 2014 (the " Notes") will continue to be convertible by holders of the Notes. This conversion right has been triggered because the Company's closing common stock price per share exceeded $10.77 for at least 20 trading days during the 30 consecutive trading day period ending on March 31, 2012. Based on this triggering event, the Notes will be convertible until June 30, 2012.
Conversion Right Triggered On Hertz's Convertible Senior Notes
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