Hertz plans to lend $100 million of common stock to J.P. Morgan Securities to facilitate hedging for investors in a private placement of Exchangeable Notes due 2030. The transaction will not provide proceeds to the operating company.
Hertz plans to lend $100 million of common stock to J.P. Morgan Securities to facilitate hedging for investors in a private placement of Exchangeable Notes due 2030. The transaction will not provide proceeds to the operating company.