We advised Hertz on the transactions

Davis Polk advised The Hertz Corporation in connection with an amendment and extension of its existing $2 billion revolving credit facility. As a result of this amendment, $1.66 billion of commitments under the revolving credit facility were extended from June 30, 2026, to March 31, 2028, subject to a springing maturity date in the event of non-compliance with certain conditions.

Hertz operates the Hertz, Dollar and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. Hertz is one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. Additionally, Hertz owns and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales.

The Davis Polk sponsor finance team included partner James A. Florack and associates James Moore and Zachariah C. Taylor. Partners Richard D. Truesdell Jr. and Pedro J. Bermeo, counsel John H. Runne and associate Benjamin Guillon provided capital markets advice. Partner Lucy W. Farr and associates Bradford Sherman and Katherine S. Xiu provided tax advice. All members of the Davis Polk team are based in the New York office.

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