Creditors to Hertz Global Holdings Inc. are organizing across at least two groups, bracing for potential negotiations with the car rental company over its billions of dollars of debt that comes due over the next few years, according to people familiar with the matter.
Hertz Global Holdings, Inc Common Stock (HTZ) News
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latest coverageHertz Global Holdings Inc., the car rental company, is working with adviser PJT Partners to extend the maturities of its debt, some of which will come due in two months, according to people familiar with the matter.
Hertz Global Holdings Inc. shares tumbled as Pershing Square Inc.’s chief investment officer said the asset management firm has sold its stake in the car-rental company.
Short sellers are anticipating more pain ahead for Hertz Global Holdings Inc. after the stock plummeted almost 60% in less than two weeks.
A record-setting rout in Hertz Global Holdings Inc. stock continued for a second day.
Hertz Global Holdings Inc. stock plunged the most since its initial public offering five years ago after the car renter warned of pressure on earnings and plans to issue new debt.
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