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Each of Hertz Global Holdings, Inc. (HGH) and The Hertz Corporation
(Hertz) is filing as Exhibits 99.1 hereto a press release issued on
May 31, 2017 by HGH, announcing the pricing of the private offering
of $1.25 billion in aggregate principal amount of 7.625% Senior
Second Priority Secured Notes due 2022. The contents of such press
release are incorporated by reference in this Item 8.01. CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained in this report include
forward-looking statements. Forward-looking statements include
information concerning the Companys liquidity and its possible or
assumed future results of operations, including descriptions of
its business strategies. These statements often include words
such as believe, expect, project, potential, anticipate, intend,
plan, estimate, seek, will, may, would, should, could, forecasts
or similar expressions. These statements are based on certain
assumptions that the Company has made in light of its experience
in the industry as well as its perceptions of historical trends,
current conditions, expected future developments and other
factors it believes are appropriate in these circumstances. The
Company believes these judgments are reasonable, but you should
understand that these statements are not guarantees of
performance or results, and the Companys actual results could
differ materially from those expressed in the forward-looking
statements due to a variety of important factors, both positive
and negative, that may be revised or supplemented in subsequent
reports on Forms 10-K, 10-Q and 8-K filed or furnished to the
Securities and Exchange Commission (“SEC”). Among other items,
such factors could include: the effect of the debt markets on the
companys private offering of senior second priority secured notes
(the Offering); Hertz’s ability to satisfy the closing
conditions to the Offering; Hertzs ability to satisfy the
conditions to the redemption of the 2018 Notes and the 2019
Notes; any claims, investigations or proceedings arising as a
result of the restatement in 2015 of the Company’s previously
issued financial results; the Company’s ability to remediate the
material weaknesses in its internal controls over financial
reporting; levels of travel demand, particularly with respect to
airline passenger traffic in the United States and in global
markets; the effect of the Company’s separation of its vehicle
and equipment rental businesses, any failure by Herc Holdings
Inc. to comply with the agreements entered into in connection
with the separation and the Company’s ability to obtain the
expected benefits of the separation; significant changes in the
competitive environment, including as a result of industry
consolidation, and the effect of competition in the Company’s
markets on rental volume and pricing, including on its pricing
policies or use of incentives; increased vehicle costs due to
declines in the value of the Company’s non-program vehicles;
occurrences that disrupt rental activity during the Company’s
peak periods; the Company’s ability to purchase adequate
supplies of competitively priced vehicles and risks relating to
increases in the cost of the vehicles the Company purchases; the
Company’s ability to accurately estimate future levels of rental
activity and adjust the number and mix of vehicles used in its
rental operations accordingly; the Company’s ability to maintain
sufficient liquidity and the availability to it of additional or
continued sources of financing for its revenue earning vehicles
and to refinance its existing indebtedness; the Company’s
ability to adequately respond to changes in technology and
customer demands; the Company’s access to third-party
distribution channels and related prices, commission structures
and transaction volumes; an increase in the Company’s vehicle
costs or disruption to its rental activity, particularly during
its peak periods, due to safety recalls by the manufacturers of
its vehicles; a major disruption in the Company’s communication
or centralized information networks; financial instability of the
manufacturers of the Company’s vehicles; any impact on the
Company from the actions of its franchisees, dealers and
independent contractors; the Company’s ability to sustain
operations during adverse economic cycles and unfavorable
external events (including war, terrorist acts, natural disasters
and epidemic disease); shortages of fuel and increases or
volatility in fuel costs; the Company’s ability to successfully
integrate acquisitions and complete dispositions; the Company’s
ability to maintain favorable brand recognition; costs and risks
associated with litigation and investigations; risks related to
the Company’s indebtedness, including its substantial amount of
debt, its ability to incur substantially more debt, the fact that
substantially all of its consolidated assets secure certain of
its outstanding indebtedness and increases in interest rates or
in the Company’s borrowing margins; the Company’s ability to
meet the financial and other covenants contained in its Senior
Facilities, its outstanding unsecured Senior Notes and certain
asset-backed and asset-based arrangements; changes in accounting
principles, or their application or interpretation, and the
Company’s ability to make accurate estimates and the assumptions
underlying the estimates, which could have an effect on operating
results; risks associated with operating in many different
countries, including the risk of a violation or alleged violation
of applicable anticorruption or antibribery laws and the
Company’s ability to repatriate cash from non-U.S. affiliates
without adverse tax consequences; the Company’s ability to
successfully outsource a significant portion of its information
technology services or other activities; the Company’s ability
to successfully implement its finance and information technology
transformation programs; changes in the existing, or the adoption
of new laws, regulations, policies or other activities of
governments, agencies and similar organizations where such actions may affect the Company’s operations, the cost thereof or
applicable tax rates; changes to the Company’s senior management
team and the dependence of its business operations on its senior
management team; the effect of tangible and intangible asset
impairment charges; the Company’s exposure to uninsured claims
in excess of historical levels; fluctuations in interest rates
and commodity prices; the Company’s exposure to fluctuations in
foreign currency exchange rates and other risks described from
time to time in periodic and current reports that the Company
files with the SEC. Additional information concerning these and other factors can be
found in the Company’s filings with the SEC, including its
Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K. You should not place undue reliance on forward-looking
statements. All forward-looking statements attributable to the
Company or persons acting on its behalf are expressly qualified
in their entirety by the foregoing cautionary statements. All
such statements speak only as of the date made, and the Company
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new
information, future events or otherwise. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits.

Exhibit Description
Exhibit 99.1 Press Release of HGH announcing pricing of private
offering by Hertz of 7.625% Senior Second Priority
Secured Notes due 2022, dated May 31, 2017

THE HERTZ CORPORATION > (NYSE:HJA) Recent Trading Information
THE HERTZ CORPORATION > (NYSE:HJA) closed its last trading session at 24.96 with shares trading hands.

The post THE HERTZ CORPORATION (NYSE:HJA) Files An 8-K Other Events appeared first on Market Exclusive.

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