Hertz Faces Partial Liquidation to Repay Debt Amid Coronavirus Shutdown [TheStreet.com]
Hertz Global Holdings, Inc (HTZ)
Last hertz global holdings, inc earnings: 2/24 04:05 pm
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Source: TheStreet.com
Hertz Global(HTZGet ReportShares of the Estero, Fla., company-based were up 1.4% Wednesday to $3.00.Hertz failed to make lease payments -- to preserve cash -- last month andThe two sides are still far from a deal, the Journal said, citing people familiar with the matter, which increases the likelihood that the company will file for bankruptcy court protection.The restructuring is expected to trigger at least a partial liquidation of the Hertz rental-car fleet, the second largest in the U.S. behind Enterprise Holdings Inc.The company initially asked holders of some of its $14 billion in asset-backed debt to accept an indefinite delay in payments, an offer they rejected, the Journal reported.Hertz doesn’t own the cars, but rather essentially leases them from banks and bond funds that bought asset-backed bonds and loans used to purchase the vehicles.The company has said that as a result of the pandemic Hertz and its subsidiaries have "experienced a rapid, sudden and dramatic negative imp
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HTZ
News
- Analysts Estimate Hertz Global Holdings, Inc. (HTZ) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
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- Fintech giant Stripe says raised $694-million in tender offer [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Here's How Much O.J. Simpson Made From Endorsement Deals With Hertz, Chevrolet And Others—Before His Murder Trial [Forbes]Forbes
- Hertz Global Holdings, Inc. to Announce First Quarter 2024 Financial Results on April 25th [Yahoo! Finance]Yahoo! Finance
HTZ
Earnings
- 2/6/24 - Miss
HTZ
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- HTZ's page on the SEC website