Friday, March 27, 2020

Hertz in talks with banks for new financing amid travel bans, report says

Among the options being discussed by the company and banks led by Barclays Plc are a first-lien loan, second-lien financing or collateralizing the company’s vehicle fleet, Bloomberg reported. Hertz has also asked the U.S. Treasury Department for a loan.



from Section Page News - Automotive News https://ift.tt/33O8ocB

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