Debt (Tables)

6 Months Ended

Jun. 30, 2013



Facility	Average Interest Rate at June 30, 2013⁽¹⁾	Fixed or Floating Interest Rate	Maturity	June 30, 2013		December 31, 2012
Corporate Debt
Senior Term Facility	3.26%	Floating	3/2018	$	2,114.8	$	2,125.5
Senior ABL Facility	2.89%	Floating	3/2016	1,005.8		195.0
Senior Notes⁽²⁾	6.58%	Fixed	4/2018–10/2022	3,900.0		3,650.0
Promissory Notes	6.96%	Fixed	6/2012–1/2028	48.7		48.7
Other Corporate Debt	3.51%	Floating	Various	58.5		88.7
Unamortized Net Premium (Corporate)				3.2		3.3
Total Corporate Debt				7,131.0		6,111.2
Fleet Debt
HVF U.S. ABS Program
HVF U.S. Fleet Variable Funding Notes:
HVF Series 2009-1⁽³⁾	1.04%	Floating	3/2014	2,590.0		2,350.0
				2,590.0		2,350.0
HVF U.S. Fleet Medium Term Notes
HVF Series 2009-2⁽³⁾	5.37%	Fixed	3/2013–3/2015	807.5		1,095.9
HVF Series 2010-1⁽³⁾	3.77%	Fixed	2/2014–2/2018	749.8		749.8
HVF Series 2011-1⁽³⁾	2.86%	Fixed	3/2015–3/2017	598.0		598.0
HVF Series 2013-1⁽³⁾	1.68%	Fixed	8/2016–8/2018	950.0		—
				3,105.3		2,443.7
RCFC U.S. ABS Program
RCFC U.S. Fleet Variable Funding Notes



RCFC Series 2010-3 Notes⁽³⁾⁽⁴⁾	1.03%	Floating	12/2013	540.0		519.0
RCFC U.S. Fleet Medium Term Notes
RCFC Series 2011-1 Notes⁽³⁾⁽⁴⁾	2.81%	Fixed	2/2015	500.0		500.0
RCFC Series 2011-2 Notes⁽³⁾⁽⁴⁾	3.21%	Fixed	5/2015	400.0		400.0
				1,440.0		1,419.0
Donlen ABS Program
Donlen GN II Variable Funding Notes⁽⁵⁾	1.00%	Floating	12/2013	943.8		899.3
Other Fleet Debt
U.S. Fleet Financing Facility	2.95%	Floating	9/2015	171.0		166.0
European Revolving Credit Facility	2.67%	Floating	6/2015	357.9		185.3
European Fleet Notes	8.50%	Fixed	7/2015	520.5		529.4
European Securitization⁽³⁾	2.50%	Floating	7/2014	363.0		242.2
Hertz-Sponsored Canadian Securitization⁽³⁾	2.14%	Floating	3/2014	124.2		100.5
Dollar Thrifty Sponsored Canadian Securitization⁽³⁾⁽⁴⁾	2.13%	Floating	8/2014	76.4		55.3
Australian Securitization⁽³⁾⁽⁶⁾	4.17%	Floating	12/2014	119.7		148.9
Brazilian Fleet Financing Facility	13.89%	Floating	10/2013	13.0		14.0
Capitalized Leases	4.08%	Floating	Various	429.6		337.6
Unamortized Discount (Fleet)				8.8		12.1
				2,184.1		1,791.3
Total Fleet Debt				10,263.2		8,903.3
Total Debt				$	17,394.2	$	15,014.5

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Note:	For further information on the definitions and terms of our debt, see Note 5 of the Notes to our audited annual consolidated financial statements included in our Form 10-K under the caption "Item 8—Financial Statements and Supplementary Data."


(1)	As applicable, reference is to the June 30, 2013 weighted average interest rate (weighted by principal balance).


(2)	References to our "Senior Notes" include the series of Hertz's unsecured senior notes set forth in the table below. As of June 30, 2013 and December 31, 2012, the outstanding principal amount for each such series of the Senior Notes is as specified below.



	Outstanding Principal (in millions)
Senior Notes	June 30, 2013		December 31, 2012
4.25% Senior Notes due April 2018	$	250.0	$	—
7.50% Senior Notes due October 2018	700.0		700.0
6.75% Senior Notes due April 2019	1,250.0		1,250.0
5.875% Senior Notes due October 2020	700.0		700.0
7.375% Senior Notes due January 2021	500.0		500.0
6.25% Senior Notes due October 2022	500.0		500.0
	$	3,900.0	$	3,650.0


(3)	Maturity reference is to the "expected final maturity date" as opposed to the subsequent "legal maturity date." The expected final maturity date is the date by which Hertz and investors in the relevant indebtedness expect the relevant indebtedness to be repaid. The legal final maturity date is the date on which the relevant indebtedness is legally due and payable.


(4)	RCFC U.S. ABS Program and the Dollar Thrifty-Sponsored Canadian Securitization represent fleet debt acquired in connection with the Dollar Thrifty acquisition on November 19, 2012.



2014	$	7,028.3	(including $6,741.1 of other short-term borrowings*)
2015	$	2,124.4
2016	$	1,140.0
2017	$	366.5
2018	$	2,819.1
After 2018	$	3,903.9

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*	Our short-term borrowings as of June 30, 2013 include, among other items, the amounts outstanding under the Senior ABL Facility, HVF U.S. Fleet Variable Funding Notes, RCFC U.S. Fleet Variable Funding Notes, Donlen GN II Variable Funding Notes, U.S. Fleet Financing Facility, European Revolving Credit Facility, European Securitization, Hertz-Sponsored Canadian Securitization, Dollar Thrifty-Sponsored Canadian Securitization, Australian Securitization, Brazilian Fleet Financing Facility and Capitalized Leases. These amounts are reflected as short-term borrowings, regardless of the facility maturity date, as these facilities are revolving in nature and/or the outstanding borrowings have maturities of three months or less. As of June 30, 2013, short-term borrowings had a weighted average interest rate of 1.8%.