Hertz Announces Pricing of Notes to Finance HERC Spinoff
Hertz Global Holdings announced that Herc Spinoff Escrow Issuer, a wholly owned subsidiary of Hertz Equipment Rental Corp., has priced $610 million aggregate principal amount of 7.50 percent senior secured second priority notes due 2022 and $625 million aggregate principal amount of 7.75 percent senior secured second priority notes due 2024 in a private offering to finance HERC’s separation from Hertz.