Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates -sources [Reuters]
Hertz Global Holdings, Inc (HTZ)
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Source: Reuters
Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates -sources NEW YORK (Reuters) - Hertz Global Holdings Inc is working with debt restructuring advisers to explore options for shoring up its finances after the coronavirus pandemic killed demand for car rentals, people familiar with the matter said on Thursday. The Estero, Florida-based company, whose largest shareholder is billionaire investor Carl Icahn, is reeling from the impact of the pandemic on global travel. It said this week it would lay off 10,000 people as its revenue dried up. Its workforce totaled 38,000 at the end of 2019. Hertz has enlisted restructuring experts at law firm White & Case LLP and investment bank Moelis & Co to help it address a cash crunch that has made its $17 billion debt pile potentially unsustainable, the sources said. Hertz and its creditors are also preparing for potential negotiations on reworking the company’s finances, the sources added. No debt restructuring move is i
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News
- Jim Cramer on Hertz: “It's a Speculative Stock” [Yahoo! Finance]Yahoo! Finance
- Does the Recent Electric Vehicle Partnership Signal a New Value Opportunity for Hertz in 2025? [Yahoo! Finance]Yahoo! Finance
- Global Car Rental Market Trends Report 2025: Growth in Budget to Luxury Segments Featuring Enterprise, Hertz, Avis, Sixt, and Europcar [Yahoo! Finance]Yahoo! Finance
- Jim Cramer on Hertz: “It Has Been a Contrary Name” [Yahoo! Finance]Yahoo! Finance
- Mobility-As-A-Service Market to Reach $2.9 Trillion, Globally, by 2034 at 23.9% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
HTZ
Earnings
- 11/4/25 - Beat
HTZ
Sec Filings
- 11/12/25 - Form 3
- 10/28/25 - Form 3
- 10/10/25 - Form 4
- HTZ's page on the SEC website