Hertz

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