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

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.