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Hertz Global Holdings

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.”

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.

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.

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.”