Erac USA Finance Company, founded in 2006 and headquartered in the United States, operates as a subsidiary of Enterprise Holdings, focusing on providing financing solutions for automotive rental operations. The company primarily offers a range of financial products, including fleet financing, to support the rental and leasing industry.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ENTERP 5.63% 2042-03-15 USDErac USA Finance Company | United States | 2042-03-15 | 5.625 | 5.41 |
| ENTERP 5.63% 2042-03-15 USDErac USA Finance Company | United States | 2042-03-15 | 5.625 | 5.41 |
| ENTERP 6.70% 2034-06-01 USDErac USA Finance Company | United States | 2034-06-01 | 6.700 | 4.81 |
| ENTERP 6.70% 2034-06-01 USDErac USA Finance Company | United States | 2034-06-01 | 6.700 | 4.81 |
| ENTERP 7.00% 2037-10-15 USDErac USA Finance Company | United States | 2037-10-15 | 7.000 | 5.16 |
| ENTERP 7.00% 2037-10-15 USDErac USA Finance Company | United States | 2037-10-15 | 7.000 | 5.12 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Erac USA Finance Company has engaged in various significant bond issuances, beginning with its first bond offering in 2010 aimed at expanding its fleet capabilities. Notably, the company issued a $500 million bond in 2021 to finance the acquisition of environmentally friendly vehicles, attracting significant investor interest due to competitive yields at the time. Currently, its bonds yield within the industry average, featuring unique options for early redemption, indicating a robust structure that aligns with market demands.