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Results: 11
Knighthead, Certares Return with New Counteroffer for Hertz
Hertz Selects Centerbridge Partners as Equity Sponsor for Chapter 11 Exit
Hertz Completes Sale of Donlen to Athene Holding
Hertz Gets $4.2B Purchase Bid in Plan to Exit Bankruptcy

Hertz Gets $4.2B Purchase Bid in Plan to Exit Bankruptcy

The buyers, Knighthead Capital Management and Certares Management, would take at least a majority share and as much as 100% of the company. The proposed plan would pay in full all of Hertz's existing first- and second-lien debt and provide a 70% cash recovery to general unsecured creditors.

March 2, 2021

Hertz Posts Net Loss of $1.7B in 2020
Hertz Delisted from NYSE: What Does it Mean?
Hertz Announces New Chief Accounting Officer
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

Icahn Sells Entire Stake in Hertz
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

Marinello Resigns as Hertz’s President and CEO