Hertz on track to cut interest bill with 4.375% talk

Hertz, the US car rental business, hopes to price its €425m five year bond in the 4.375% area later today.

  • By Stefanie Linhardt
  • 13 Nov 2013

Initial price talk was released on Tuesday evening in the 4.25% to 4.5% area, and later fixed at 4.375% area.

Price guidance at this level means Hertz should be able to achieve substantial interest cost reductions, as the proceeds of the bond will refinance its €400m 2015 bond, which ...

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