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 usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
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.
Amazon's Zoox to Begin Testing Robotaxis in Austin, Miami usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Canadian fuel distributor Parkland
said on Wednesday it would sell its Canadian commercial
propane business to Avenir Energy for about C$115 million in cash amid a push by investors for a
strategic.