The Hertz Corporation and its Car Rental Unit is expanding its franchisee network as part of a Company-wide strategy aimed at increasing its presence in the airport and off airport car rental markets.

Hertz Global Holdings has announced that its wholly-owned subsidiaries, The Hertz Corporation and Hertz Equipment Rental Corporation, have completed the refinancing of their existing senior secured credit facilities under a new $1.8 billion asset-based revolving credit facility and a new $1.6 billion senior secured term loan and letter of credit facility.

Hertz Global Holdings has announced that its wholly-owned subsidiary, The Hertz Corporation, intends to offer $300 million aggregate principal amount of 6.75% Senior Notes due 2019 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions.

Hertz has singed a deal with Renault to utilise its electric vehicles in its European fleet. Announcing arrangement at the Geneva Motor Show earlier, the Car Rental Giant confirmed it planned to add 500 Renault electric cars to its European fleet over two years.

American car rental giant Hertz has confirmed it will offer consumers in the New York area access to the first electric cars later this month. The vehicles – which will include the smart Electric Drive and Nissan LEAF – will be available from December 15th, with Washington DC and San Francisco also in line to receive the vehicles.

Hertz Corporation has confirmed it has rubber stamped a deal to acquire Australian car sharing company Flexicar. Also in Australia today World Mobi launched its new city guide to Melbourne.