Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet, according to people with knowledge of the matter.
October 25, 2021Business
Hertz Shares Surge on Sale to Knighthead
In a deal that hands a huge victory to shareholders of bankrupt Hertz Global Holdings Inc., the car renter picked Knighthead Capital Management and Certares Management to buy the company out of Chapter 11, capping a dramatic brawl for control of the company.
May 12, 2021Business
Hertz Deems Knighthead Bid Superior in Exit From Bankruptcy
Hertz Global Holdings Inc. said a proposal from Knighthead Capital Management and Certares Management to buy the car renter out of bankruptcy was superior to an existing offer from a rival investor group.
May 5, 2021Business
Hertz Competing Reorganization Plans Hinge on Pending Details
The fate of Hertz Global Holdings Inc. depends on details still pending behind two formally submitted bids, it said in court papers.
March 30, 2021GovernmentBusiness
Hertz Eyes Bankruptcy Exit Via $4.2 Billion Stake Sale
In a deal to jettison itself from under bankruptcy protection, Hertz said March 2 that it may sell a controlling stake in the company to two investment firms for $4.2 billion.
March 2, 2021Business
Hertz Weighs Plans From Two Creditor Groups for Bankruptcy Loan
Hertz Global Holdings Inc. is negotiating with its creditors for a loan to bolster operations after months of funding itself during bankruptcy, according to people with knowledge of the talks.
September 22, 2020Business
Hertz Seeks Bankruptcy Loan as Car Rental Volume Slowly Recovers
Hertz Global Holdings Inc. is seeking debtor-in-possession financing more than two months after filing for Chapter 11 protection, reflecting the reality that it still faces trouble ahead if travel doesn鈥檛 bounce back.
August 11, 2020