The Car and Truck Fleet and Leasing Management Magazine

GE Commercial Finance Fleet Services Provides $275 Million Revolving Credit Facility for Hertz Corp.

October 10, 2006

EDEN PRAIRIE, MN – GE Commercial Finance Fleet Services announced the closing of a new $275 million, five-year revolving credit facility for Hertz Corp. GE Commercial Finance Fleet Services, which served as sole lead arranger and bookrunner for the facility and led its syndication, also will serve as administrative agent. Proceeds of the financing, which closed Sept. 29, primarily will be used to acquire, finance, and refinance vehicles for the company’s car rental business.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

In a career that began in 1963 and lasted 21 years, Stan Chason's Gelco service included chairman, CEO and executive VP of the fleet management services division.

Read more

Up Next

More From The World's Largest Fleet Publisher