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Hertz talks with banks, Treasury in push to avoid bankruptcy

CEO Kathryn Marinello said the car rental giant is seeing the support lenders and banks and is making the case for government aid. Read full article: Hertz talks with banks, Treasury in push...→

Hertz talks with banks, Treasury in push to avoid bankruptcy

CEO Kathryn Marinello said the car rental giant is seeing the support lenders and banks and is making the case for government aid. Read full article: Hertz talks with banks, Treasury in push...→

Hertz files for bankruptcy protection

Hertz files for bankruptcy protection

Hertz and its subsidiaries will continue to operate, according to a release from the company. By the end of March, Hertz Global Holdings Inc. had racked up $18 [...] Read full article: Hertz files for bankruptcy protection...→

Why Carl Icahn’s Hertz near bankruptcy while rival Avis stays afloat

Why Carl Icahn’s Hertz near bankruptcy while rival Avis stays afloat

Carl Icahn’s Hertz — once considered the gold standard of car rental companies — is sputtering on the side of the road while its closest rival, Avis, is positi [...] Read full article: Why Carl Icahn’s Hertz near bankruptcy w...→

Hertz skips lender payments amid talks to reduce obligations

Hertz's lenders negotiations underscore the amount of pressure the broader rental-car industry is under. Avis Budget Group's revenue has plummeted by about 80 [...] Read full article: Hertz skips lender payments amid talks t...→

Debt and coronavirus push Hertz into bankruptcy protection

Debt and coronavirus push Hertz into bankruptcy protection

Starting in mid-March, the company lost all revenue when travel nearly shut down due to the novel coronavirus Read full article: Debt and coronavirus push Hertz into ban...→

Hertz gets forbearance from lenders in bid to avert bankruptcy

Hertz said the deal gives the company until May 22 to "develop a financing strategy and structure that better reflects the economic impact of the Covid-19 glob [...] Read full article: Hertz gets forbearance from lenders in b...→

Hertz Files for Bankruptcy Protection as Car Rentals Evaporate in Pandemic

Hertz Files for Bankruptcy Protection as Car Rentals Evaporate in Pandemic

Hertz Global Holdings Inc, a car rental business more than a century old, filed for bankruptcy protection on Friday after its business all but vanished during [...] Read full article: Hertz Files for Bankruptcy Protection as...→

Hertz prepares to file bankruptcy if deadline is missed

Hertz prepares to file bankruptcy if deadline is missed

The rental-car company has been talking to some of its creditors about how to ease its burden without going through bankruptcy, but negotiations have been a st [...] Read full article: Hertz prepares to file bankruptcy if dea...→

Treasury limits Paycheck Protection Program to banks with less than $1 billion until April 30

Treasury limits Paycheck Protection Program to banks with less than $1 billion until April 30

"SBA is working to ensure that all eligible small businesses have access to this funding to sustain their businesses and keep their employees on payroll," Trea [...] Read full article: Treasury limits Paycheck Protection Prog...→

Hertz files for bankruptcy protection

Hertz files for bankruptcy protection

Hertz and its subsidiaries will continue to operate, according to a release from the company. By the end of March, Hertz Global Holdings Inc. had racked up $18 [...] Read full article: Hertz files for bankruptcy protection...→

Hertz Files for Bankruptcy Protection as Car Rentals Evaporate in Pandemic

Hertz Files for Bankruptcy Protection as Car Rentals Evaporate in Pandemic

Hertz Global Holdings Inc, a car rental business more than a century old, filed for bankruptcy protection on Friday after its business all but vanished during [...] Read full article: Hertz Files for Bankruptcy Protection as...→

Hertz gets forbearance from lenders in bid to avert bankruptcy

Hertz said the deal gives the company until May 22 to "develop a financing strategy and structure that better reflects the economic impact of the Covid-19 glob [...] Read full article: Hertz gets forbearance from lenders in b...→

Why Carl Icahn’s Hertz near bankruptcy while rival Avis stays afloat

Why Carl Icahn’s Hertz near bankruptcy while rival Avis stays afloat

Carl Icahn’s Hertz — once considered the gold standard of car rental companies — is sputtering on the side of the road while its closest rival, Avis, is positi [...] Read full article: Why Carl Icahn’s Hertz near bankruptcy w...→

Treasury limits Paycheck Protection Program to banks with less than $1 billion until April 30

Treasury limits Paycheck Protection Program to banks with less than $1 billion until April 30

"SBA is working to ensure that all eligible small businesses have access to this funding to sustain their businesses and keep their employees on payroll," Trea [...] Read full article: Treasury limits Paycheck Protection Prog...→

Debt and coronavirus push Hertz into bankruptcy protection

Debt and coronavirus push Hertz into bankruptcy protection

Starting in mid-March, the company lost all revenue when travel nearly shut down due to the novel coronavirus Read full article: Debt and coronavirus push Hertz into ban...→

Hertz prepares to file bankruptcy if deadline is missed

Hertz prepares to file bankruptcy if deadline is missed

The rental-car company has been talking to some of its creditors about how to ease its burden without going through bankruptcy, but negotiations have been a st [...] Read full article: Hertz prepares to file bankruptcy if dea...→

Hertz skips lender payments amid talks to reduce obligations

Hertz's lenders negotiations underscore the amount of pressure the broader rental-car industry is under. Avis Budget Group's revenue has plummeted by about 80 [...] Read full article: Hertz skips lender payments amid talks t...→

Hertz files for bankruptcy protection

Hertz files for bankruptcy protection

Hertz and its subsidiaries will continue to operate, according to a release from the company. By the end of March, Hertz Global Holdings Inc. had racked up $18 [...] Read full article: Hertz files for bankruptcy protection...→

Debt and coronavirus push Hertz into bankruptcy protection

Debt and coronavirus push Hertz into bankruptcy protection

Starting in mid-March, the company lost all revenue when travel nearly shut down due to the novel coronavirus Read full article: Debt and coronavirus push Hertz into ban...→

Hertz Files for Bankruptcy Protection as Car Rentals Evaporate in Pandemic

Hertz Files for Bankruptcy Protection as Car Rentals Evaporate in Pandemic

Hertz Global Holdings Inc, a car rental business more than a century old, filed for bankruptcy protection on Friday after its business all but vanished during [...] Read full article: Hertz Files for Bankruptcy Protection as...→

Hertz gets forbearance from lenders in bid to avert bankruptcy

Hertz said the deal gives the company until May 22 to "develop a financing strategy and structure that better reflects the economic impact of the Covid-19 glob [...] Read full article: Hertz gets forbearance from lenders in b...→

Hertz prepares to file bankruptcy if deadline is missed

Hertz prepares to file bankruptcy if deadline is missed

The rental-car company has been talking to some of its creditors about how to ease its burden without going through bankruptcy, but negotiations have been a st [...] Read full article: Hertz prepares to file bankruptcy if dea...→

Why Carl Icahn’s Hertz near bankruptcy while rival Avis stays afloat

Why Carl Icahn’s Hertz near bankruptcy while rival Avis stays afloat

Carl Icahn’s Hertz — once considered the gold standard of car rental companies — is sputtering on the side of the road while its closest rival, Avis, is positi [...] Read full article: Why Carl Icahn’s Hertz near bankruptcy w...→

Treasury limits Paycheck Protection Program to banks with less than $1 billion until April 30

Treasury limits Paycheck Protection Program to banks with less than $1 billion until April 30

"SBA is working to ensure that all eligible small businesses have access to this funding to sustain their businesses and keep their employees on payroll," Trea [...] Read full article: Treasury limits Paycheck Protection Prog...→

Hertz skips lender payments amid talks to reduce obligations

Hertz's lenders negotiations underscore the amount of pressure the broader rental-car industry is under. Avis Budget Group's revenue has plummeted by about 80 [...] Read full article: Hertz skips lender payments amid talks t...→