Enterprise subsidiary ERAC USA calls 2.6% notes due 2021 at par

By Marisa Wong

Los Angeles, Sept. 23 – ERAC USA Finance LLC, a wholly owned U.S. finance subsidiary of Enterprise Holdings, Inc., announced it will redeem the entire outstanding principal amount of its 2.6% notes due Dec. 1, 2021 prior to their maturity.

The $350 million of outstanding notes will be redeemed on Nov. 1 at par plus accrued interest to the redemption date, according to a news release.

The issuer plans to use cash on hand to fund the redemption.

Bank of New York Mellon Trust Co., NA is the trustee.

The car rental company is based in St. Louis.

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