Hertz Global Holdings Completes $825 Million Asset-Backed Note Facility
Sep 15, 2008
PARK RIDGE, NJ -- (MARKET WIRE) -- 09/15/2008 -- Hertz Global Holdings, Inc. (
"We are pleased with the addition of this rental fleet financing facility which, when coupled with liquidity exceeding $4 billion, underscores Hertz's overall financial strength," commented Mark P. Frissora, Hertz's Chairman and Chief Executive Officer.
The Company said that Lehman Brothers, Inc. did not participate in the new facility. Furthermore, Hertz said its funding exposure to Lehman Brothers, Inc. under other facilities is immaterial.
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (
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