Hertz Seeking Up to $1.5 Billion In Bankruptcy Financing

Hertz Global Holdings Inc. is on the hunt for a bankruptcy loan totaling as much as $1.5 billion after regulators blocked the rental car company from pursuing a sale of what likely would be worthless stock, according to people familiar with the matter.

Hertz this week reached out to existing creditors, as well as potential outside investors, for a debtor-in-possession loan sized at $1.1 billion to $1.5 billion, the people said. Hertz didn’t respond to requests for comment. Read more…..


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