Hertz 2012 Annual Report Download - page 138

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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 5—Debt
Our debt consists of the following (in millions of dollars):
Average Fixed
Interest or
Rate at Floating
December 31, Interest December 31, December 31,
Facility 2012(1) Rate Maturity 2012 2011
Corporate Debt
Senior Term Facility .................. 3.75% Floating 3/2018 $ 2,125.5 $ 1,389.5
Senior ABL Facility .................. 2.47% Floating 3/2016 195.0 —
Senior Notes(2) ..................... 6.74% Fixed 10/2018—10/2022 3,650.0 2,638.6
Promissory Notes ................... 6.96% Fixed 6/2012—1/2028 48.7 224.7
Convertible Senior Notes ............... 5.25% Fixed 6/2014 474.7 474.7
Other Corporate Debt ................. 4.40% Floating Various 88.7 49.6
Unamortized Net Discount (Corporate)(3) ..... (37.3) (72.3)
Total Corporate Debt ................... 6,545.3 4,704.8
Fleet Debt
HVF U.S. ABS Program
HVF U.S. Fleet Variable Funding Notes:
HVF Series 2009-1(4) ................... 1.11% Floating 3/2014 2,350.0 1,000.0
HVF Series 2010-2(4) ................... N/A Floating 3/2013 — 170.0
HVF Series 2011-2(4) ................... N/A Floating 4/2012 — 175.0
2,350.0 1,345.0
HVF U.S. Fleet Medium Term Notes
HVF Series 2009-2(4) ................... 5.11% Fixed 3/2013—3/2015 1,095.9 1,384.3
HVF Series 2010-1(4) ................... 3.77% Fixed 2/2014—2/2018 749.8 749.8
HVF Series 2011-1(4) ................... 2.86% Fixed 3/2015 — 3/2017 598.0 598.0
2,443.7 2,732.1
RCFC U.S. ABS Program
RCFC U.S. Fleet Variable Funding Notes
RCFC Series 2010-3 Notes(4)(5) ............. 1.06% Floating 12/2013 519.0 —
RCFC U.S. Fleet Medium Term Notes
RCFC Series 2011-1 Notes(4)(5) ............. 2.81% Fixed 2/2015 500.0 —
RCFC Series 2011-2 Notes(4)(5) ............. 3.21% Fixed 5/2015 400.0 —
1,419.0 —
Donlen ABS Program
Donlen GN II Variable Funding Notes(4) ....... 1.15% Floating 12/2013 899.3 811.2
Other Fleet Debt
U.S. Fleet Financing Facility ............ 3.27% Floating 9/2015 166.0 136.0
European Revolving Credit Facility ........ 2.86% Floating 6/2015 185.3 200.6
European Fleet Notes ................. 8.50% Fixed 7/2015 529.4 517.7
European Securitization(4) ............... 2.48% Floating 7/2014 242.2 256.2
Hertz-Sponsored Canadian Securitization(4) .... 2.16% Floating 6/2013 100.5 68.3
Dollar Thrifty-Sponsored Canadian
Securitization(4)(5) .................. 2.13% Floating 8/2014 55.3 —
Australian Securitization(4) ............... 4.61% Floating 12/2014 148.9 169.3
Brazilian Fleet Financing Facility ........... 13.07% Floating 2/2013 14.0 23.1
Capitalized Leases ................... 4.40% Floating Various 337.6 363.7
Unamortized (Discount) Premium (Fleet) ...... 12.1 (10.9)
1,791.3 1,724.0
Total Fleet Debt ...................... 8,903.3 6,612.3
Total Debt ......................... $15,448.6 $11,317.1
(1) As applicable, reference is to the December 31, 2012 weighted average interest rate (weighted by principal balance).
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