Hertz Prices EUR400M 8.5% 2015 Bond At 99.477

25th Jun 2010 15:50

LONDON (Dow Jones)--Hertz Holdings Netherlands BV, part of car rental firm The Hertz Corporation (HTZ), has priced its EUR400 million, 2015 bond, one of the banks running the sale said Friday. Barclays Capital PLC and JPMorgan Chase & Co were lead managers on the deal. Terms are as follows: Amount: EUR400 million Maturity: July 31, 2015 Coupon: 8.5% Reoffer Price: 99.477 Payment Date: June 30, 2010 Spread: 730.9 basis points over the 2.25% OBL due 2015 Debt Ratings: B1 (Moody's) B (Standard & Poor's) Denominations: EUR1,000; EUR10,000; EUR100,000 -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 25, 2010 10:50 ET (14:50 GMT)