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Hertz Celebrates Chapter 11 Exit, Looks Forward

Hertz Celebrates Chapter 11 Exit, Looks Forward

Hertz is in the process of paying out $19 billion to its creditors while reducing corporate debt by nearly 80%. Stock shares will continue to be publicly traded on the over-the-counter market.

July 1, 2021

Stockholders Claim Victory in Hertz Bankruptcy Auction
Hertz Posts Positive EBITDA in Q1

Hertz Posts Positive EBITDA in Q1

Hertz Global Holding’s adjusted EBITDA in the U.S. of $24 million in the first quarter of 2021 is truly a remarkable achievement.

May 9, 2021

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
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