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Results: 15
Hertz Delisted from NYSE: What Does it Mean?
Hertz Obtains $1.65B in Debtor-In-Possession Financing
Hertz May sell Donlen to Pay Debt, Bloomberg Reports

Hertz May sell Donlen to Pay Debt, Bloomberg Reports

Hertz Global Holdings has considered selling it’s Donlen leasing business if it can get at least $1 billion and has several buyers interested in the fleet management company, chiefly private equity funds, according to a report from Bloomberg.

September 1, 2020

Hertz Settlement Calls for Disposal of 182,521 Vehicles
Liquidation on the Table for Hertz?

Liquidation on the Table for Hertz?

A dragged-out post-lockdown recovery, a huge debt pile, and the potential for zero recoveries for unsecured creditors make the Hertz bankruptcy a likely liquidation, says Wall Street analyst Girish Bhise.

July 17, 2020

Orlando Rentco Acquires 6 Advantage Locations
Hertz Suspends Plan to Issue New Shares

Hertz Suspends Plan to Issue New Shares

Hertz was advised by the SEC’s Division of Corporation Finance that it intended to review the plan, at which point the plan was suspended.

June 17, 2020

Hertz Bankruptcy Court Approves $1B Stock Sale

Hertz Bankruptcy Court Approves $1B Stock Sale

Hertz says the recent increases in its stock “present a unique opportunity for its debtors to raise capital on terms that are far superior to any debtor-in-possession financing.”

June 12, 2020

Hertz Requests Hearing on Potential NYSE Delisting

Hertz Requests Hearing on Potential NYSE Delisting

The potential delisting pertains to New York Stock Exchange regulations that require the average daily closing price of the company’s stock to be more than $1 a day over a consecutive 30-day trading period.

June 10, 2020

How a Hertz Bankruptcy Affects its Franchisees

How a Hertz Bankruptcy Affects its Franchisees

Bankruptcy proceedings can impact franchise contracts, fleet payments, and corporate accounts. When the dust settles, Hertz 2.0 will have ripples beyond the franchisees.

June 3, 2020

Icahn Sells Entire Stake in Hertz
How Hertz’s Forced Fleet Sale Could Affect the Used Car Market
Advantage Rent A Car Files for Chapter 11 Bankruptcy
Hertz Files for Chapter 11 Bankruptcy

Hertz Files for Chapter 11 Bankruptcy

All of Hertz's businesses globally remain open. International operating regions including Europe, Australia, and New Zealand are not included in the bankruptcy, nor are Hertz's franchised locations.

May 23, 2020

Hertz Gains Temporary Lifeline

Hertz Gains Temporary Lifeline

Hertz’s lenders have given the company until May 22 “to develop a financing strategy and structure that better reflects the economic impact of the Covid-19 global pandemic.”

May 5, 2020