Private Equity News & Analysis

10 HERTZ<br/>V ROOM, V ROOM

10 HERTZ<br/>V ROOM, V ROOM 2009-10-01 Staff Writer <strong>The rental car giant drives nimbly through the recession</strong><br> <table> <tbody> <tr> <td><strong>THE DEAL</strong></td> <td><br

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The rental car giant drives nimbly through the recession

THE DEAL
Company Hertz
Type of business Car rental
Date completed February 2006
Sponsors The Carlyle Group, Clayton Dubilier & Rice, Merrill Lynch Global Private Equity
Deal value $15.0 billion
Equity $2.3 billion
snapshot
Value of equity 1.9 times cost
(based on current share price)
Term loan 95.50
Senior unsecured 8.875% 96.50
Senior unsecured 10.5% 99.875