Hertz Completes New US Rental Car Securitization Platform

Hertz Global Holdings HTZ announced today that its wholly owned subsidiary, The Hertz Corporation ("Hertz"), successfully completed on November 25, 2013 the establishment of a new securitization platform designed to facilitate its financing activities relating to the vehicle fleet used by the Company in the U.S. daily car rental operations of its Hertz, Dollar, Thrifty and Firefly brands.  In connection with the establishment of the new financing platform, Hertz Vehicle Financing II LP ("HVF II"), a wholly owned special purpose subsidiary of Hertz, successfully completed a $3.175 billion financing, allocated between two series of variable funding notes (the "HVF II Series 2013-A Notes" and the "HVF II Series 2013-B Notes"). The initial aggregate maximum principal amount of the HVF II Series 2013-A Notes is $2.575 billion, approximately $2.2 billion of which was funded as of November 25, 2013.  The initial aggregate maximum principal amount of the HVF II Series 2013-B Notes is $600 million, approximately $468 million of which was funded as of November 25, 2013.  The HVF II Series 2013-A Notes allow for approximately $900 million of aggregate maximum principal amount of such notes to be transitioned to the aggregate See full press release