Hertz

Hertz Global Holdings, Inc. engages in the provision of car rental services. It operates through the following segments: U.S. Rental Car, International Rental Car, and All Other Operations. The U.S. Rental Car segment deals with rental of vehicles, as well as sales of ancillary products and services in the U.S. The International Rental Car segment offers rental and leasing of vehicles, as well as sales of ancillary products and services internationally. The All Other Operations segment refers to the vehicle leasing and fleet management services, and other business activities through its subsidiary DonLen. The company was founded in 1918 and is headquartered in Estero, FL.

Hertz Global Holdings, Inc. engages in the vehicle rental business through the Hertz, Dollar, and Thrifty brands. It operates under the Americas Rental Car (RAC) and International Rental Car (RAC) segments. The Americas RAC segment focuses on operations in the United States, Canada, Latin America, and the Caribbean. The International RAC segment includes the provision of rental and sales of vehicles and value-added services in other locations. The company was founded in 1918 and is headquartered in Estero, FL.

Car rental company Hertz Global Holdings on Tuesday backed a bid from Knighthead Capital Management to support its exit from bankruptcy.

Hertz endorses improved Knighthead bid in effort to exit bankruptcy

ESTERO, Fla., May 5, 2021 /PRNewswire/ -- Hertz Global Holdings, Inc. (OTCPK:HTZGQ) ("Hertz" or the "Company") today announced that it has considered the revised proposal made by affiliates of Knighthead Capital Management LLC, Certares Opportunities LLC and Apollo Capital Management, LP (the "KHC Group") to provide equity capital required to fund Hertz's exit from Chapter 11.

Hertz Determines Revised Reorganization Proposal From Affiliates Of Knighthead, Certares And Apollo Constitutes A Superior Proposal

The bankrupt rental-car company decided an offer from Knighthead, Certares and other investors offered more value than a rival group's proposal

Hertz picks new front-runners to back exit from bankruptcy

Hertz Global (HTZGQ) stock is taking one heck of a beating on Tuesday as the bidding war for the bankrupt car rental company continues. The post HTZGQ Stock: Hertz Global Shares Get Whiplash as the Bankruptcy Bidding War Continues appeared first on InvestorPlace.

HTZGQ Stock: Hertz Global Shares Get Whiplash as the Bankruptcy Bidding War Continues

Hertz stock might defy bankruptcy as used car prices continue to rise. Here's why 2020's biggest bankruptcy could have a turnaround in 2021.

Why Hertz Stock Could Become the Top Penny Stock of 2021

Bid worth 61c already on the table so the downside is limited. Alternative bid worth $4.30 just needs financing so that is the most likely outcome.

An Investment Idea So Good It 'Hertz'

Hertz Global Holdings Inc said on Tuesday it had received a revised offer from Knighthead Capital Management, Certares Management and Apollo Global Management to fund the car rental company's exit from Chapter 11 bankruptcy.

Hertz confirms new offer from Knighthead, Certares for bankruptcy exit

Shares of Hertz Global Holdings Inc. tumbled 9.9% in premarket trading, after the bankrupt car rental company said it received a revised proposal for its Chapter 11 exit from affiliates of Knighthead Capital Management LLC, Certares Opportunities LLC and Apollo Capital Management LP. The revised proposal includes funding of Hertz's reorganization through a direct common stock investment of $2.9 billion, direct preferred stock investments of $1.5 billion and a rights offering to raise $1.36 billion.

Hertz stock tumbles after revised bankruptcy exit proposal

ESTERO, Fla., May 4, 2021 /PRNewswire/ -- Hertz Global Holdings Inc. (OTCPK:HTZGQ) ("Hertz" or the "Company") confirmed today that it has received a revised proposal from affiliates of Knighthead Capital Management LLC, Certares Opportunities LLC, and Apollo Capital Management, LP to provide equity capital required to fund Hertz's exit from Chapter 11.

Hertz Confirms Receipt Of Revised Reorganization Proposal For Its Chapter 11 Exit

Knighthead Capital Management and Certares Management have sweetened an offer to buy Hertz Global Holdings Inc out of bankruptcy in a deal that gives the car rental firm an enterprise value of over $6.2 billion, Bloomberg News reported.

Knighthead, Certares sweetened bid values Hertz at over $6.2 billion: Bloomberg News

The car-rental industry is poised to rebound, but the company recently cited "hot markets" as a reason it needs to exit bankruptcy quickly.

Hertz Shareholders Might Not Lose All Their Money. But the Stock Isn't a Buy.

Hertz Global Holdings Inc. said an improved bankruptcy plan will provide some value to equity holders, vindicating the bullish individual traders who have insisted the company was worth something despite its bankruptcy filing.

The Wall Street Journal: Hertz accepts sweetened deal to exit bankruptcy, with equity payout

Hertz Global (HTZGQ) stock is revving up on Friday following reports of the bidding war for the bankrupt company heating up. The post HTZGQ Stock: Hertz Global Shares Surge on Bankruptcy Bidding War appeared first on InvestorPlace.

HTZGQ Stock: Hertz Global Shares Surge on Bankruptcy Bidding War

Investment firms Knighthead Capital Management and Certares Management sweetened their bid to fund Hertz Global's exit from bankruptcy, valuing the U.S. car rental firm at $6.2 billion, the Wall Street Journal reported on Friday.

Knighthead, Certares sweeten bid to fund Hertz's bankruptcy exit: WSJ

Investment companies Knighthead Capital Management LLC and Certares Management LLC have sweetened their bid for bankrupt rental-car company Hertz Global Holdings Inc. and are now offering a deal that values the company at $6.2 billion, the Wall Street Journal reported, citing people familiar with the matter. The investors said their new offer fully covers Hertz's funded debt and has the backing of Apollo Global Management Inc. and existing shareholders.

Hertz gets sweetened bid from investors to help it exit bankruptcy: WSJ

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Hertz Global Holdings announced it has selected an enhanced proposal to provide the equity capital required to fund the company's exit from Chapter 11. These are the details.

Hertz (HTZGQ) Picks Equity Sponsor For Chapter 11 Exit

Hertz Global Holdings Inc said on Saturday it has selected an enhanced proposal from Centerbridge Partners, Warburg Pincus, and Dundon Capital Partners to provide the equity capital required to fund the car rental company's exit from Chapter 11.

Hertz selects Chapter 11 exit plan backed by Centerbridge, Warburg, Dundon

ESTERO, Fla., April 3, 2021 /PRNewswire/ -- Hertz Global Holdings, Inc. (OTCPK:HTZGQ) ("Hertz" or the "Company") announced today that it has selected an enhanced proposal from Centerbridge Partners, L.P.

Hertz Selects Equity Sponsor For Its Chapter 11 Exit

ESTERO, Fla., March 30, 2021 /PRNewswire/ -- Hertz Global Holdings, Inc. (OTCPK:HTZGQ) ("Hertz" or the "Company") announced today that it has made all of the required court filings in its Chapter 11 case needed to continue the process it initiated at the beginning of March 2021 to exit Chapter 11 in June 2021.

Hertz Progresses Toward Chapter 11 Exit In Second Quarter Of 2021 As Robust Negotiations Regarding Plan Sponsorship Continue

Hertz's unsecured creditors are proposing a restructuring of the car-rental firm that clashes with the company's plan to exit from bankruptcy via a sale to two investment funds, Bloomberg reported Thursday. As part of the planned shakeup, the lenders want to convert their holdings in the bankrupt firm into shares of the reorganized company which could be taken public, Bloomberg said, citing sources.

Bankrupt car-rental firm Hertz' lenders are proposing a shakeup that would take a newly reorganized company public, report says

There's a battle brewing over Hertz that could determine whether the car rental company — and original “meme stock” — remains a publicly traded company, The Post has learned. Hertz on Tuesday proposed exiting bankruptcy by putting a group of new investors in the driver's seat, including Knighthead Capital Management, Certares Opportunities and Larry Fink's.

Lenders mull plan to take Hertz public post-bankruptcy

Roughly nine months after the company officially filed for Chapter 11 bankruptcy, Hertz Global Holdings Inc (OTC:HTGZQ) announced a plan to re-emerge from bankruptcy this week. Like most bankruptcy restructuring plans, the news wasn't good for common stock shareholders, and former hedge fund manager Whitney Tilson said Wednesday that uninformed retail investors may learn some difficult lessons the hard way in coming weeks.

Why 'Average Folks' Could Be Getting Hit Hardest By Hertz Bankruptcy

Here's how the vehicle rental company is positioned to emerge a healthier business.

New Backers to Bring Hertz Out of Bankruptcy Protection With Potential $4.2 Billion Investment

Two investment firms will buy a majority stake in Hertz Global Holdings Inc for $4.2 billion under a restructuring plan expected to help it out of bankruptcy by early- to mid-summer, the car rental company said in a filing on Tuesday. Under the proposed investment, Knighthead Capital Management LLC and Certares Opportunities LLC will buy.

News for Hertz Stock (HTZGQ)