Hertz Global Holdings has cut interest rates on $1.55 billion of loans it is seeking to refinance, Bloomberg reports. The U.S. car rental company plans to issue its $1.35 billion term loan B at 99.5 cents on the dollar. The New Jersey-based company will also raise $200 million in synthetic credit lines at 97.5 cents. Deutsche Bank, Bank of America, Barclays, Citigroup, Credit Agricole, JP Morgan Chase and Wells Fargo have been named to arrange the seven-year loans.

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