Hertz and Hertz Equipment Rental have secured an asset-based revolving credit facility worth $1.8 billion and a new $1.6 billion senior secured term loan. The senior facility will mature in 2016, while the senior term loan will mature in 2018. They have completed the refinancing of their existing senior credit facilities with the new term loans. The new senior loans are secured and guaranteed on a basis similar to the existing senior secured credit facilities that they replaced.
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