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Hertz May Be Saved from Bankruptcy by $4.2 Billion Deal

Hertz May Be Saved from Bankruptcy by $4.2 Billion Deal
caranddriver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from caranddriver.com Daily Mail and Mail on Sunday newspapers.

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Hertz Looks to Travel Investor Certares to Lead It Out of Bankruptcy in $4.2 Billion Reorganization

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Private equity firms Certares Management and Knighthead Capital Management are teaming up to lead Hertz out of Chapter 11 bankruptcy by July through a $4.2 billion reorganization plan endorsed by the beleaguered Florida-based car rental company.
The two firms are co-sponsors of a reorganization plan, which Hertz Corp. filed Tuesday morning in the U.S bankruptcy court in Wilmington, Delaware. The deal is subject to the approval of creditors and the court.
The 102-year-old Hertz filed for Chapter 11 in May, brought down by the standstill in travel from the pandemic. ....

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Hertz Potentially Saved from Bankruptcy in $4.2 Billion Deal

Hertz Potentially Saved from Bankruptcy in $4.2 Billion Deal
roadandtrack.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from roadandtrack.com Daily Mail and Mail on Sunday newspapers.

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Amid COVID-19 pandemic, Hertz reports $1.7 billion loss in 2020

Hertz Global continues to wind its way through Chapter 11 bankruptcy and it s making significant headway, said Paul Stone, Hertz Global s president and CEO, in a statement.
As part of the reorganization process, the company has announced it will sell its Donlen fleet leasing and management division. It expects the deal to close this month, Stone said.
Hertz Global s goal is to emerge from Chapter 11 by mid- to late summer, he said.
While the company faced a tough year, it has seen a significant improvement since the spring.
In December, the rental car company s global revenue nearly doubled over where it stood in April, when it felt the most pain from the pandemic. ....

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Vitalizi provinciali e regionali, doppia assoluzione per la legge altoatesina che nel 2012 ha erogato 96 milioni di euro

Vitalizi provinciali e regionali, doppia assoluzione per la legge altoatesina che nel 2012 ha erogato 96 milioni di euro
ilfattoquotidiano.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ilfattoquotidiano.it Daily Mail and Mail on Sunday newspapers.

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