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Hertz (HTZ) has entered into a commitment letter for debtor-in-possession financing with the holders of a majority in aggregate outstanding amount of its prepetition first-lien debt pursuant to which the commitment parties committed to backstop a super-priority senior secured debtor-in-p...
This article presents a list of stocks with the highest short interest as a percentage of shares outstanding. An unprecedented year amid the COVID-19 pandemic driving historic volatility has represented significant trading opportunities for short-sellers. We analyze key trends and...
Shares of Hertz Global Holdings, Inc . (NYSE: HTZ) , a vehicle rental company that filed for bankruptcy protection during the coronavirus pandemic, spiked 16% higher on Tuesday after Bloomberg reported private equity firms and Hertz rivals could be preparing bids for a part of the c...
Private equity firms TPG and Onex are reportedly preparing bids for bankrupt Hertz Global Holdings ([[HTZ]] +4.7%) leasing business Donlen.Sources tell Bloomberg that TPG and Onex are working on offers that could value Donlen for as much as $1B.Unnamed rivals of Hertz are also said to b...
Spring Forward Provision will be triggered if latest debt swap offer not accepted. Moody's says Revlon does not have sufficient liquidity to pay the notes if spring forward is triggered. "Bouncing from one near crisis to the next" For further details see: Revlon: High Po...
Shares of Hertz Global Holdings (NYSE: HTZ) , a vehicle rental company trudging through the bankruptcy process, are down another 6% following recent leadership changes and growing cash concerns. Earlier this week R. Eric Esper resigned from Hertz's CFO position to pursue a new c...
Hertz Global ([[HTZ]] +1.7%) promotes Kenny K. Cheung to executive VP of Finance, Chief Operational Finance and Restructuring Officer, assumed the role of Chief Financial Officer, effective September 24, 2020.He succeeds R. Eric Esper, who has resigned to pursue a new opportuni...
Hertz Global Holdings, Inc. Names Kenny K. Cheung CFO PR Newswire ESTERO, Fla., Sept. 28, 2020 ESTERO, Fla. , Sept. 28, 2020 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) (the "Company" or "Hertz") a global leader in car rental, today announced that...
Top 3 Under-The-Radar Stocks To Watch In October 2020 Many tech stocks have managed to survive and reach new heights throughout 2020. Technology is always advancing in our society, and plenty of platforms are transitioning to the digital world. From newspapers to shopping, a digital...
Hertz Global (HTZ) is evaluating two loan offers of about $1B to $1.5B as it looks for new sources of cash, sources tell Bloomberg. The offers are said to be from a group of Hertz's unsecured creditors and a separate set of first-lien creditors. The car rental giant filed for bankruptcy in Ma...
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A significant insider buy by W. Gilbert West, CEO at Hertz Global Holdings (NASDAQ:HTZ), was executed on May 1, and reported in the recent SEC fili...
Corporate earnings came to the market’s rescue in the past week, helping to overcome rate fears. As we look ahead to the unfolding week, it r...
Hertz Global Holdings, Inc (NASDAQ:HRZ) reported first-quarter FY24 sales growth of 1.6% year-on-year to $2.08 billion. Adjusted EPS of $(1.28) mis...