Hertz Arranges Financing for Canadian, European Operations
Rental-car provider reaches deal to refinance maturing debt so it can pay for fleet expansion By Dec. 24, 2020 4:31 pm ET
Hertz Global Holdings Inc. has lined up financing for its foreign operations as the bankrupt car-rental company looks to bolster its business in Canada and Europe.
Hertz secured 400 million Canadian dollars, or the equivalent of $311 million, in financing from Deutsche Bank AG that will mostly be used to buy roughly 12,500 vehicles next year for its Canadian fleet.
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