Hertz to offer notes via Private Placement

Hertz Global Holdings Inc announced that it intends to make a private placement offering of some asset-backed notes to fund vehicle purchases and pay back debt.

The car rental firm said Hertz Vehicle Financing LLC, a special purpose limited liability company, plans to sell these notes exclusively to qualified institutional buyers.

It added that the notes may also be offered to investors outside the United States.

In late April, Hertz agreed to buy smaller rival Dollar Thrifty Automotive Group (DTG.N), which is also being eyed by Avis Budget (CAR.N).

Hertz and Avis have both filed with the U.S. regulators for antitrust approval.

Hertz shares were trading up 43 cents, or about 5 percent, at $9.94 Wednesday morning on the New York Stock Exchange.

About PPM

PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

PPM’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

We are leaders in:

• New York Private Placement
Real Estate Private Placement
• Technology Private Placement
• Debt Private Placement
• Equity Private Placement
• Technology Private Placement Memorandum Writing
• New York Private Placement Memorandum Writing
Real Estate Private Placement Memorandum Writing
• Debt Private Placement Memorandum Writing
• PPM.co