PARK RIDGE, N.J. -

Hertz Global Holdings announced plans Monday for wholly owned subsidiary Hertz Corp. to offer $300 million aggregate principal amount of 6.75 percent Senior Notes due 2019.

The private offering is exempt from the registration requirements of the Securities Act of 1933, as amended, subject to market and other conditions, the company noted.

Officials explained that the Notes are expected to constitute a further issuance of, will be fungible with and will be consolidated and form a single series with the $500 million aggregate principal amount of 6.75 percent Senior Notes due 2019 issued by Hertz on Feb. 8. They explained the Notes will pay interest semi-annually in arrears.

The company added the notes are expected to be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz that guarantee its senior credit facilities.

Hertz explained that the proceeds from the issuance of the notes are slated to be used to redeem a portion of its 8.875 percent Senior Notes due 2014.

“This announcement does not constitute an offer to sell or the solicitation of an offer to buy any of the notes and the guarantees or any other securities, nor will there be any sale of the notes or any other securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state,” Hertz emphasized.

The company also pointed out the notes and the guarantees will be issued in reliance on the exemption from the registration requirements provided by Rule 144A under the Securities Act and, outside of the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act.

Executives added none of the notes and the guarantees has been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.