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TheStreet Open House

Hertz Global Holdings Announces Closing Of $500 Million Fleet Lease Medium Term Asset Backed Notes

The net proceeds from the sale of the notes were used (i) to repay a portion of the outstanding principal amount of HFLF's Series 2013-1 Notes and (ii) to make loans to DNRS II LLC, a wholly owned special purpose subsidiary of Donlen.  The offering closed on November 25, 2013.

Barclays Capital Inc. acted as sole structuring advisor and Barclays Capital Inc. and J.P. Morgan Securities LLC acted as joint lead bookrunners.  Fifth Third Securities, Inc. and PNC Capital Markets LLC acted as co-managers.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the HFLF Series 2013-3 Notes or any other securities, nor will there be any sale of the HFLF Series 2013-3 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 HFLF Series 2013-3 Notes were issued in reliance on the exemption from the registration requirements provided by Rule 144A under the Securities Act. None of the HFLF Series 2013-3 Notes 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.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning our liquidity, outlook, anticipated revenues and possible or assumed future results of operations, including descriptions of our business strategy, as well as any other statement that does not directly relate to any historical or current fact.  These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that the Company believes are appropriate in these circumstances. We believe these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results.  They involve risks, uncertainties and assumptions.  Many factors could affect our actual financial and operating results and could cause actual results to differ materially from those expressed in the forward-looking statements, due to a variety of important factors, both positive and negative.

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