Hertz

Business

Hertz Competing Reorganization Plans Hinge on Pending Details

Hertz signage stands at a rental location in Berkeley, Calif., in May 2020. (David Paul Morris/Bloomberg News) Hertz signage stands at a rental location in Berkeley, Calif., in May 2020. (David Paul Morris/Bloomberg News)

The fate of Hertz Global Holdings Inc. depends on details still pending behind two formally submitted bids, it said in court papers.

March 30, 2021
Government, Business

Hertz Eyes Bankruptcy Exit Via $4.2 Billion Stake Sale

A closed Hertz car rental facility during the coronavirus pandemic in Paramus, N.J. A closed Hertz car rental facility during the coronavirus pandemic in Paramus, N.J. (Ted Shaffrey/Associated Press)

In a deal to jettison itself from under bankruptcy protection, Hertz said March 2 that it may sell a controlling stake in the company to two investment firms for $4.2 billion.

Michelle Chapman | Associated Press
March 2, 2021
Business

Hertz Weighs Plans From Two Creditor Groups for Bankruptcy Loan

Hertz is weighing plans from two creditor groups for its bankruptcy loan. (David Paul Morris/Bloomberg News)

Hertz Global Holdings Inc. is negotiating with its creditors for a loan to bolster operations after months of funding itself during bankruptcy, according to people with knowledge of the talks.

September 22, 2020
Business

Hertz Seeks Bankruptcy Loan as Car Rental Volume Slowly Recovers

Hertz signage is displayed outside a location in Los Angeles. Hertz is seeking debtor-in-possession financing more than two months after filing for bankruptcy. (Martina Albertazzi/Bloomberg News)

Hertz Global Holdings Inc. is seeking debtor-in-possession financing more than two months after filing for Chapter 11 protection, reflecting the reality that it still faces trouble ahead if travel doesn’t bounce back.

David Welch | Bloomberg News
August 11, 2020