Hertz Global Holdings Announces Proposed $400 Million Private Offering

Hertz Global Holdings HTZ announced today that its wholly owned subsidiary, The Hertz Corporation, intends to offer $400 million aggregate principal amount of 7.50% senior notes due 2018 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, subject to market and other conditions. The notes are expected to constitute a further issuance of, will be fungible with and will be consolidated and form a single series with the 7.50% Senior Notes due 2018 priced on September 16, 2010 in the aggregate principal amount of US$300,000,000 and anticipated to be delivered on September 30, 2010. The notes will pay interest semi-annually in arrears. The notes are expected to be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz that guarantee its senior credit facilities.