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Hertz announces pricing of $250M private offering of senior notes

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Hertz Global Holdings Inc., of Park Ridge, announced Thursday its wholly owned subsidiary, Hertz Corp., will sell $250 million aggregate principal amount of 4.250 percent senior notes, due 2018, in a private offering.

In an announcement, Hertz said the offering is expected to close on or about March 28. The company said it intends to use proceeds from the sale to replenish a portion of its liquidity.

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