Ground Transportation Hertz plans debt sale to fund Dollar Thrifty acquisition By Danny King / October 01, 2012 Share 1 -- Hertz Global Holding will try to sell $1.2 billion in debt to fund its pending acquisition of Dollar Thrifty Automotive Group. Hertz will try to sell $600 million in debt due 2020 and another $600 million due 2022, the company said Monday. Hertz had $12.5 billion in debt as of June 30. Hertz would use all of the proceeds toward its $2.6 billion acquisition of Dollar Thrifty, which was announced in August. The acquisition would boost Hertz’s share of the U.S. car rental market to 26% from about 19%, according to Auto Rental News. Follow Danny King on Twitter @dktravelweekly.