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Hertz buyout plan details emerge

News reports have surfaced that the Hertz Corp. buyout will include roughly $7 billion of ABS, split into both U.S. dollar and euro denominated parts. IN total the transaction will total $13 billion, made up of high-yield debt, bank loans and a credit facility. Deutsche Bank Securities, Goldman Sachs, Lehman Brothers, JPMorgan Securities and Merrill Lynch are all involved in the transaction.

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