Friday, May 8, 2020

Hertz seeks lender leniency or faces bankruptcy within weeks

Hertz knows its creditors want to avoid bankruptcy, which could trigger a fire sale of devalued used cars. Hertz’s creditors, lenders and investors, including controlling shareholder Carl Icahn, are now facing a three-way standoff.



from Section Page News - Automotive News https://ift.tt/3fvxCC0

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