Hertz avoids bankruptcy with last-minute deal (Until the 22nd of May)
On Tuesday, Hertz said it had reached agreement with most of its lenders to give it more time, through May 22, before the company is required to liquidate vehicles serving as collateral. The company said it can’t make any assurances that it will be able to negotiate any further forbearance or waivers extending relief past May 22.
On Tuesday, Hertz said it had reached agreement with most of its lenders to give it more time, through May 22, before the company is required to liquidate vehicles serving as collateral. The company said it can’t make any assurances that it will be able to negotiate any further forbearance or waivers extending relief past May 22.