Hertz Investor Presentation Deck slide image

Hertz Investor Presentation Deck

OVERVIEW OF KEY DIP FINANCING TERMS Size Use of proceeds Draw structure Maturity Structure Task Prepare/Provide Key Diligence Items Launch Process/Begin Outreach Negotiate NDA Provide Parties with Diligence Materials Request and Evaluate Indicative Proposals ■ 14-21 Day Notice Period Prior to Hearing Court Hearing Interim Approval and Initial Draw ■ 12 18 months Summary of Key Terms $1.1bn- $1.5bn $400mm- $600mm for general corporate purposes (e.g., working capital, lease payments, etc.) $500mm - $1.0bn for funding equity portion of new vehicle purchases Delayed draw or revolver structure Negotiate Proposals Negotiate and Finalize Key Documents (Credit Agreement, Pleadings, etc.) File Motion with the Court First priority liens on unencumbered assets and junior liens on encumbered assets However, all offers will be considered (e.g., priming, junior, unsecured) Preliminary Timeline 24th Hertz dollar. Thrifty DONLEN CAR RENTAL CAR RENTAL A Hertz Company August 31st 7th Week Of September 14th 21st Strictly Confidential Subject to CA/ NDA 28th 5th October 12th+ 14
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