- Hertz Global (NYSE:HTZ) is evaluating two loan offers of about $1B to $1.5B as it looks for new sources of cash, sources tell Bloomberg. The offers are said to be from a group of Hertz's unsecured creditors and a separate set of first-lien creditors.
- The car rental giant filed for bankruptcy in May without a normal debtor-in-possession loan set up due to its abundance of cash on hand.
- Shares of Hertz are down 0.78% in premarket trading to $1.27.
- Hertz's share price ride down through bankruptcy:
Hertz looks for cash after self-funding through early part of bankruptcy
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Symbol | Last Price | % Chg |
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HTZ | - | - |
Hertz Global Holdings, Inc. |