The deal requires Hertz to pay its asset-backed securities lenders $650 million of rent in equal installments per month from July to December. An unnamed person familiar with the deal told The Journal's Becky Yerak that this amounts to "about half of what Hertz is contractually obligated to pay."
They also said that "Hertz is also trying to arrange up to about $2 billion in financing to help it get through chapter 11." But, under it, Hertz will have to get rid of 182,521 leased cars, which will leave it with approximately 310,000 leased cars. Hertz will be allowed to retain $900 from each car it sells, according to The Journal. The rest of the money made from selling the cars will go toward repaying the lenders.
I smell opportunity
See, that’s how it’s done. It allows for capital to move and more competition to enter the market place. Bailing out Hertz on public money would only prolong the process and shut out new businesses who are better adapted for the times.
Give ya about tree fitty
Where's the sale?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why you should stop writing 'thank you' at the end of a business email - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. How about ending it with 'kiss my a$$'? I put “thanks” or some variation of that at the end of every email and it’s 100% fine If you want to set up and optimize your social media accounts? Please visit :
Source: BusinessInsider - 🏆 729. / 51 Read more »
Social media fundraising inequality hurts smaller 2020 election candidates - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. BlairReeves Heyo! 💪🏻
Source: BusinessInsider - 🏆 729. / 51 Read more »
Searchable database of Business Insider pitch decks - Business Insider[Thread] Startups convince investors to fund their ideas using pitch decks. Business Insider regularly seeks out and publishes these decks to give readers an inside look at how successful companies persuaded investors to fund them. For the first time, these decks—presentations that combine slideshows with storytelling—have been combined into a single, searchable library that you can explore. 👇
Source: BusinessInsider - 🏆 729. / 51 Read more »
The $107,000 Lexus LC500 is the best-kept secret on the car market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Job ended during pandemic, so I left New York and moved to a farm - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Poshmark lingo: Common phrases insiders use and what they mean - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »