Hertz Issues $1 Billion in Rental Car Asset-Backed Notes
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Hertz Global Holdings Inc. has issued $1 billion in rental car asset-backed notes through its subsidiary, Hertz Vehicle Financing III LLC. The issuance includes Series 2025-5 Notes at $450 million and Series 2025-6 Notes at $550 million. These notes are part of Hertz's strategy to finance its U.S. rental car fleet via the HVF III securitization platform, with final payment dates extending to May 2030.
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