PARK RIDGE, N.J.
Nov. 13, 2013
/PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) (the "Company") announced today that its wholly-owned subsidiary Hertz Holdings Netherlands B.V., a private company with limited liability incorporated under the laws of
(the "Issuer"), has entered into an agreement to sell €425 million aggregate principal amount of its 4.375% Senior Notes due 2019 (the "Notes") in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Offering is expected to close on or about
November 20, 2013
, subject to customary closing conditions.
The Notes will pay interest semi-annually in arrears. The Notes will be guaranteed on a senior unsecured basis by the Company's wholly-owned subsidiary, The Hertz Corporation ("Hertz"), the domestic subsidiaries of Hertz that guarantee its senior credit facilities from time to time, and certain of the foreign subsidiaries of Hertz that guarantee its European revolving credit facility from time to time.
The Issuer intends to use the net proceeds from the issuance of the Notes to redeem all of its outstanding 8.50% Senior Secured Notes due
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes (and the guarantees of the Notes) or any other securities, nor will there be any sale of the Notes (or any guarantees of the Notes) or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The Notes (and the guarantees of the Notes) will be issued in reliance on the exemption from the registration requirements provided by Rule 144A under the Securities Act and, outside of
the United States
, only to non-U.S. investors pursuant to Regulation S under the Securities Act. None of the Notes and such guarantees have been registered under the Securities Act or any state or other jurisdiction's securities laws, and may not be offered or sold in
the United States
absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state and other jurisdiction's securities laws.
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