Banks Cruise Market with $1.35B TL for Hertz

Kellerhals, Richard
February 2011
High Yield Report;2/21/2011, Vol. 22 Issue 8, p16
The article reports that several banks, including Deutsche Bank, Barclays, and Bank of America Merrill Lynch, are looking for lenders to provide Hertz, a rental car company based in New Jersey, with a 1.35 billion dollar covenant-lite term loan to help refinance existing debts.


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