Knighthead, Certares Return with New Counteroffer for Hertz
The new bid values Hertz at $6.2 billion and would pay unsecured bondholders in full.
April 18, 2021
The new bid values Hertz at $6.2 billion and would pay unsecured bondholders in full.
April 18, 2021
Hertz chose the renegotiated proposal over a competing one from Certares and Knighthead Capital. The plan keeps Hertz on track to exit Chapter 11 in June.
April 4, 2021
Hertz received $891 million in cash for the sale of the fleet management company.
April 4, 2021