Hertz Global Holdings Inc.

NYSE:HTZ   3:59:58 PM EDT
1.85
-0.32 (-14.98%)
5:31:27 PM EDT: $1.82 -0.03 (-1.36%)
Debt Financing / Related, Bankruptcy / Related

Hertz Secures Commitments Of $1.65 Billion In Debtor-In-Possession Financing

Published: 10/16/2020 11:45 GMT
Hertz Global Holdings Inc (HTZ) - Hertz Global Holdings Secures Commitments of $1.65 Billion in Debtor-in-possession Financing.
Hertz Global Holdings Secures Commitments of $1.65 Billion in Debtor-in-possession Financing.
Hertz Global Holdings Inc - Financing is to Be Provided by Certain of Company's Pre-petition First-lien Lenders.
Hertz Global Holdings Inc - Financing is Expected to Be Structured As a Delayed Draw Term Loan Debtor Facility.
Hertz Global Holdings Inc - Up to $1 Billion Can Be Used to Provide Equity for Vehicle Acquisition in U.S. and Canada.
Hertz Global Holdings Inc - Up to $800 Million Can Be Used for Working Capital and General Corporate Purposes.