New Issue-Hertz Corp sells $2.7 bln equivalent in notes

Newswire

Dec 15 (Reuters) - Car rental company Hertz Corp. sold $2.7 billion equivalent in a three-part note sale in the 144a private placement market, market sources said on Thursday. Deutsche Bank, Lehman Brothers, Merrill Lynch, Goldman Sachs, and J.P. Morgan were the joint lead managers for the sale, the sources said. BORROWER: HERTZ CORP. FIRST TRANCHE: AMT $1.8 BLN COUPON 8.875 PCT MATURITY 1/1/2014 TYPE SR NOTES ISS PRICE 100 FIRST PAY DATE 7/1/2006 LAST MOODY'S B1 YIELD 8.875 PCT PAY FREQ ...

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