Hertz Corp. plans to launch a $750 million securitization backed by its rental fleet vehicles, according to a presale report published Monday by Moody's Investors Service.

The deal, Series 2013-1, will offer investors $250 million in class A notes with an average life maturity of 3.38 years and an ‘Aaa’ rating; and $500 million of class B notes with a 5.38- year average life maturity and a ‘Baa2’ rating.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.