June 20 (Reuters) - Hertz Global Holdings Inc :
* HERTZ GLOBAL: HERTZ CORP INTENDS TO OFFER $500 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF FIRST LIEN SENIOR SECURED NOTES DUE 2029
* HERTZ GLOBAL: PURSUING $500 MILLION IN ANNUAL COST INITIATIVES DESIGNED TO REDUCE OUR DOE PER TRANSACTION DAY TO OUR TARGET OF LOW $30S
* HERTZ GLOBAL: PROGRESSING ON OUR PREVIOUSLY ANNOUNCED $350 MILLION OF COST SAVINGS INITIATIVES
* HERTZ GLOBAL: EXPECT TO FURTHER OPTIMIZE OUR PHYSICAL FOOTPRINT BY CONTINUING TO CLOSE REDUNDANT OR UNPROFITABLE LOCATIONS
* HERTZ GLOBAL: EXPECT ELEVATED VEHICLE DEPRECIATION TO CONTINUE THROUGHOUT 2024
* HERTZ GLOBAL: THAT WE MAY NOT ACHIEVE 11,000 REMAINING PLANNED EVS DISPOSALS IN TIME AND MANNER WE EXPECT
* HERTZ GLOBAL: FAILURE ON PLANNED EVS DISPOSALS SO COULD HAVE A MATERIAL ADVERSE EFFECT ON RESULTS OF OPERATIONS, FINANCIAL CONDITION
* HERTZ GLOBAL: EXPECT CURRENT LIQUIDITY IS ADEQUATE TO COMPLETE FULL FLEET REFRESH PLAN
* HERTZ GLOBAL: DURING REMAINDER OF 2024, INTEND TO MANAGE FLEET TO LEVELS BELOW SAME PERIODS IN 2023
* HERTZ GLOBAL: BY EARLY 2026, WE ARE TARGETING AVERAGE FLEET DPU LEVELS TO REACH LOW $300S PER MONTH
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