IFLR1000

Hertz $780 million ABS issue

14/4/2015
Asset Backed Securities (ABS)
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$ 780 million

Completed

14/4/2015

Overview:

  • Hertz Vehicle Financing II issued $780 million of rental car asset backed notes as part of its Series 2015-1 offer.
  • The offer included $622.44 million 2.73% notes, $118.53 million 3.52% notes and $39.03 million 4.35% notes.
  • The company planned to use the proceeds from the notes to repay outstanding debt and grant loans to Hertz Vehicle Financing.

Rani Mehta - Journalist 

 

 

Jurisdiction:

United States

Deal type:

Asset Backed Securities (ABS)

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Automotive

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