Hertz Issues $300M Notes

Hertz Corp. expects to grant initial purchasers an option to buy up to an additional $45M of notes. - Net proceeds are intended for general corporate purposes, which may include repayment of outstanding indebtedness. - Notes will mature July 1st, 2030 and are exchangeable into cash, common stock, or a combination at Hertz Corp.'s election; interest rate, exchange rate and certain other terms will be determined by negotiations. - Separately announced a concurrent registered public offering of $100M of common stock loaned to a financial institution under a share lending agreement; neither Hertz nor Hertz Corp. will receive proceeds from that offering.