Hertz Corporation - 1970's dated Rental Car Co. Bond - Various Denominations Available
Inv# AB5005 Bond
Automotive Bond. Various Denominations. Male and Female figure on each side of HERTZ Logo. Available in Yellow, Red, Blue or Brown. Please specify color.
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., is an American car rental company based in Estero, Florida, that operates approximately 12,000 corporate and franchisee locations, both domestically and internationally. As one of the largest worldwide vehicle rental companies by sales, locations, and fleet size, Hertz operates in 160 countries in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East and New Zealand. The Hertz Corporation also owns Firefly Car Rental, and the former Dollar Thrifty Automotive Group, which is now separated into the Thrifty Car Rental and Dollar Rent A Car brands.
Hertz Global Holdings, the parent company of The Hertz Corporation, was ranked 326th in the 2020 Fortune 500 list. The company filed for bankruptcy on May 22, 2020, citing a sharp decline in revenue and future bookings. As of December 31, 2020, the company had revenues of US$5.26 billion, assets of US$16.9 billion, and 24,000 employees.
The Hertz Corporation, originally known as Rent-a-Car Inc., was founded by Chicago, Illinois native Walter L. Jacobs in 1918. This small car rental operation began with a dozen Model T Ford cars. Within five years, Jacob's fleet expanded to 600 vehicles—generating annual revenues of approximately US$1 million. John D. Hertz, owner of Yellow Truck and Coach Manufacturing Company, developed an interest in the brand, leading to him purchasing the company in 1923. It was then renamed to Hertz Drive-Ur-Self System. Jacobs continued to serve as president and chief operating officer of Hertz Drive-Ur-Self System until 1961. Read more at https://en.wikipedia.org/wiki/Hertz_Global_Holdings
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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