Hertz Completes Refinancing of Senior Secured Credit Facilities

Hertz Global Holdings, Inc. HTZ announced today 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.

The Senior ABL Facility will mature in 2016 and the Senior Term Loan Facility will mature in 2018.