Hertz Global Holdings Announces Pricing of Private Offerings in the Aggregate Amount of $1.41 Billion Medium Term Rental Car Asset Backed Notes
The Notes will be issued with the following terms:
Notes |
Principal |
Interest Rate |
Expected Final |
Legal Final |
||||
Series 2022-3 |
||||||||
Class A |
|
3.37% |
|
|
||||
Class B |
|
3.86% |
|
|
||||
Class C |
|
4.35% |
|
|
||||
Class D |
|
6.31% |
|
|
||||
Series 2022-4 |
||||||||
Class A |
|
3.73% |
|
|
||||
Class B |
|
4.12% |
|
|
||||
Class C |
|
4.61% |
|
|
||||
Class D |
|
6.56% |
|
|
||||
Series 2022-5 |
||||||||
Class A |
|
3.89% |
|
|
||||
Class B |
|
4.28% |
|
|
||||
Class C |
|
4.82% |
|
|
||||
Class D |
|
6.78% |
|
|
The Class
The Company expects the net proceeds from the issuance and sale of the Notes generally will be used (i) to repay amounts outstanding on HVF III's Series 2021-A Variable Funding Rental Car Asset Backed Notes and (ii) for the future acquisition or refinancing of vehicles to be leased by THC and certain of its subsidiaries in connection with the Company's
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes or any other securities, nor will there be any sale 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 will be sold in reliance on an exemption from the registration requirements provided by Rule 144A under the Securities Act and, outside of
ABOUT
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this release, and in related comments by the Company's management, include "forward-looking statements." These statements often include words such as "believe," "expect," "project," "potential," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts," "guidance" or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties including prevailing market conditions, as well as other factors, many of which are outside of the Company's control. Forward-looking statements represent the Company's estimates and assumptions only as of the date that they were made, and, except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE
Hertz Investor Relations: investorrelations@hertz.com, or Hertz Media Relations: mediarelations@hertz.com