Hertz 2015 Annual Report Download - page 159
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Please find page 159 of the 2015 Hertz annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Table of Contents
In October 2015, the then outstanding amount under the facility was settled through a non-cash dividend from Hertz Investors, see Note 3,
"Dividends."
In November 2015, upon expiration of the Master Loan, as amended, the Company signed a new master loan agreement with Hertz Holdings for a
facility size of $650 million with an expiration in November 2016 (the "New Master Loan" and together with the Master Loan, the "Loan"). The
interest rate is based on the U.S. Dollar LIBOR rate plus a margin.
As of December 31, 2015 and 2014, there was $345 million and $95 million, respectively, due to Hertz representing principal and interest amounts
due under the Loan.
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except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.