Hertz preparing to file for bankruptcy as soon as Friday night- WSJ

From BUSINESS.FINANCIALPOST.COM

Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported https://on.wsj.com/2A4ONKs, citing people familiar with the matter.

The Estero, Florida-based company, which operates the Hertz, Dollar and Thrifty car-rental brands, had been holding talks with creditors after skipping significant car-lease payments due in April.... (Read more)

https://twitter.com/WSJ/status/1263945503483584517

Submitted 13 days ago


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