Hertz Global Holdings has announced that Hertz Holdings Netherlands B.V., a private company with limited liability incorporated under the laws of The Netherlands, intends to make a private offering of approximately EUR 275 million Senior Secured Notes.
The notes will be guaranteed on a senior unsecured basis by The Hertz Corporation (THC), a wholly-owned subsidiary of the Company, and certain U.S. subsidiaries of THC and on a senior secured basis by certain Non-U.S. subsidiaries of THC.
The net proceeds of the offering will be used to refinance the Company’s outstanding International Fleet Debt facilities and Belgian Fleet Financing Facility and for general corporate purposes.
The notes are to be offered only to qualified institutional buyers in an offering exempt from registration pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to investors outside the United States pursuant to Regulation S under the Securities Act.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
The notes have not been and will not be registered under the Securities Act of 1933 or any applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.