• Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic

    4 days ago - By Reuters

    The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business all but vanished during the coronavirus pandemic and talks with creditors failed to result in needed relief.
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  • Hertz could file for bankruptcy as early as this weekend as the coronavirus pandemic crushes the car-rental industry

    Hertz could file for bankruptcy as early as this weekend as the coronavirus pandemic crushes the car-rental industry

    4 days ago - By Business Insider

    Hertz is preparing to file for bankruptcy this weekend after failing to reach an agreement with lenders, The Wall Street Journal reported Friday.
    Hertz has around $19 billion in debt, including $4.3 billion in corporate bonds and loans as well as $14.4 billion of debt backed by their vehicles, according to The Journal.
    The car-rental business has been decimated as the pandemic has ground travel to a halt, forcing Hertz's CEO to resign as the company missed lease payments and laid off 10,000 workers last month.
    Hertz's stock plunged in after-hours trading following the news.
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  • Hertz Preparing To File For Bankruptcy: WSJ

    Hertz Preparing To File For Bankruptcy: WSJ

    4 days ago - By Huffington Post

    Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night, according to the Wall Street Journal.
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  • Hertz preparing to file for bankruptcy as soon as Friday night: WSJ

    4 days ago - By Reuters

    Car rental firm Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported, citing people familiar with the matter.
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