Simpson Thacher advised the initial purchasers in connection with an offering by The Hertz Corporation (“Hertz”), a wholly-owned indirect subsidiary of Hertz Global Holdings, Inc., of $500 million aggregate principal amount of 4.625% Senior Notes due 2026 and $1 billion aggregate principal amount of 5% Senior Notes due 2029 pursuant to Rule 144A and Regulation S.
Hertz operates the Hertz, Dollar and Thrifty vehicle rental brands throughout the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East and New Zealand. Hertz is one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. Additionally, Hertz operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales.
The Simpson Thacher team for this transaction included Roxane Reardon, John C. Ericson, John O’Connell, Kirsten Harmon and Patrick Meson (Capital Markets); Justin Lungstrum and Kaitlyn Posa (Credit); Jonathan Cantor and Edward Grais (Tax); Genevieve Dorment (IP); Linda Barrett and Meredith Brenton (ECEB); and Jennie Getsin (FINRA & Blue Sky).