PARK RIDGE, N.J. -

Hertz is planning to roll out a private offering of senior notes totaling $300 million, the proceeds of which may be put toward the acquisition of Dollar Thrifty Automotive Group, it was revealed Thursday.

The notes will be due in 2018. Officials said the offering will not be subject to the Securities Act of 1933’s registration requirement, "subject to market and other conditions."

"The notes will pay interest semi-annually in arrears," officials explained. "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 said it will finalize the terms of the notes when pricing is being conducted.

"Hertz intends to use the proceeds from the offering of the notes for general corporate purposes, which may include repayment of consolidated indebtedness or funding a portion of the cash consideration for the acquisition of Dollar Thrifty Automotive Group by Hertz Holdings," officials noted.