3 ms·
Hertz filled chapter 11, so it will never happen.
by GrumpyNl 5y ago
Hertz filled chapter 11, so it will never happen.
- samizdis 5y agoWell you never know. As per Reuters on Oct 28 [1], > Hertz Global Holdings Reports Strong Quarterly Results Oct 28 (Reuters) - Hertz Global Holdings Inc <HTZZ.PK>::HERTZ GLOBAL HOLDINGS REPORTS STRONG QUARTERLY RESULTS.Q1 EARNINGS PER SHARE $1.13.QTRLY TOTAL REVENUES OF $2.2 BILLION, UP 19% FROM Q2 2021.QTRLY NET INCOME OF $605 MILLION, OR $1.13 PER DILUTED SHARE.SEES Q4 TOTAL REVENUE PER UNIT PER MONTH $1,355 - $1,445. And Hetrz exited Chapter 11 some while ago. As per Reuters on June 30 (also via [1]): > Hertz Exits Chapter 11 June 30 (Reuters) - Hertz Global Holdings Inc <HTZGQ.PK>::HERTZ EXITS CHAPTER 11 AS A MUCH STRONGER COMPANY.HERTZ GLOBAL - OVER $5.9 BILLION OF NEW EQUITY CAPITAL BEING PROVIDED BY KNIGHTHEAD CAPITAL MANAGEMENT, CERTARES OPPORTUNITIES.HERTZ GLOBAL - ELIMINATED NEARLY $5.0 BILLION OF DEBT, INCLUDING ALL OF HERTZ EUROPE'S CORPORATE DEBT.HERTZ GLOBAL - HAS EMERGED WITH NEW $2.8 BILLION EXIT CREDIT FACILITY AND $7.0 BILLION ASSET-BACKED VEHICLE FINANCING FACILITY.HERTZ - FOLLOWING RESTRUCTURING, CO'S CREDITORS WILL RECEIVE PAYMENT IN CASH IN FULL & EXISTING SHAREHOLDERS WILL RECEIVE MORE THAN $1 BILLION OF VALUE.HERTZ - SHARES OF CO COMMON STOCK WILL CONTINUE TO BE PUBLICLY TRADED ON OVER--COUNTER MARKET, UNTIL CO RELISTS ON A NATIONAL SECURITIES EXCHANGE.HERTZ GLOBAL HOLDINGS INC - NEW TICKER SYMBOLS EFFECTIVE JULY 1 WILL BE HTZZ FOR HERTZ COMMON STOCK AND HTZZW FOR WARRANTS. [1] https://cn.reuters.com/companies/HTZZ.PK/key-developments https://cn.reuters.com/companies/HTZZ.PK/key-developments