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CEO: Sprit Airlines not considering a bankruptcy filing

Spirit Airlines CEO Ted Christie says it is not thinking about a Chapter 11 bankruptcy move despite its heavy debt load

Hertz considers $700 mln sale of secured debt plus convertibles, Bloomberg says

Rental car firm Hertz is weighing a sale of at least $700 million in secured debt and a convertible notes offering, as it looks to shore up its balance sheet, Bloomberg News reported on Thursday,.

Hertz Considers $700 Million Sale of Secured Debt Plus Convertibles, Bloomberg Says

Hertz considers $700 million sale of secured debt plus convertibles, Bloomberg says

Hertz did not immediately respond to a Reuters request for comment. The company's advisors have started contacting potential investors regarding the issue of secured debt, according to the report, which added final decisions have not been made, and the size and terms of any financing could change. Hertz earlier this week named Spirit Airlines CFO Scott Haralson its new finance chief, as it looks to steady its business after a failed bet on electric vehicles sent its losses ballooning.

S&P Cuts Spirit Airlines' Debt to CCC on Cash Crunch Concerns