Hertz Global Holdings, Inc. Announces Pricing of Secondary Offering

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June 16th, 2007 Leave a comment Visited 42 times, 1 so far today

Hertz Global Holdings, Inc. Announces Pricing of Secondary Offering

Hertz Global Holdings, Inc., the indirect parent corporation of The Hertz Corporation, today announced that the offering by certain of its stockholders of 51,750,000 shares of its common stock, which includes 6,750,000 shares to be sold pursuant to the underwriters’ option exercised today, was priced at $22.25 per share. Hertz Global Holdings’ common stock is listed on the New York Stock Exchange and trades under the symbol “HTZ.” The 51,750,000 shares, including shares subject to the underwriters’ option, will be sold by private equity funds associated with Clayton, Dubilier & Rice, Inc., The Carlyle Group and Merrill Lynch Global Private Equity.

Hertz Global Holdings will not receive any proceeds from the offering by the selling stockholders. The offering is expected to close on June 18, 2007.

Goldman, Sachs & Co., Lehman Brothers Inc. and Merrill Lynch & Co. are the joint global coordinators and bookrunners for the offering. A registration statement relating to this offering was filed and declared effective by the Securities and Exchange Commission. The offering of common stock will be made only by means of the prospectus forming part of the effective registration statement. A copy of the final prospectus relating to this offering may be obtained from:

Goldman, Sachs & Co.
Attn: Prospectus Department
85 Broad St.
New York, NY 10004
fax: 212-902-9316
e-mail: prospectus-ny {at} ny.email.gs(.)com

Lehman Brothers Inc.
c/o Broadridge Integrated Distribution Services
1155 Long Island Avenue
Edgewood, NY 11717
e-mail: qiana.smith {at} broadridge(.)com
(fax): 631-254-7268

Merrill Lynch, Pierce, Fenner & Smith
Incorporated
4 World Financial Center
New York, NY 10080
tel: (212) 449-1000
The Hertz Corporation operates what it believes is the largest general use car rental brand in the world and one of the largest industrial, construction and material handling equipment rental business in the United States, both based on revenues.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

CONTACTS:
Investor Relations
Lauren Babus
(201) 307-2100
lbabus {at} hertz(.)com

Media
Richard Broome
(201) 207-2486
rbroome {at} hertz(.)com





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