The corporate auto and light-truck fleet leasing subsidiary of Hertz Corp. is packaging a $400 million notes securitization, in its first securitization in nearly a year.

Topped by a $355.6 million, triple-A rated Class A notes tranche, the Hertz Fleet Lease Funding (HFLF) LP Series 2016-1 carries similar structures to the previous issue in the 2015-1 version, with the exception of the inclusion of a split floating-/fixed-rate split of Class A notes.

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