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Hertz looks for cash after self-funding through early part of bankruptcy

Sep. 22, 2020 6:54 AM ETHertz Global Holdings, Inc. (HTZ) StockHTZBy: Clark Schultz, SA News Editor12 Comments
  • 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:

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