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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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<blockquote data-quote="Weather Man" data-source="post: 16421850" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Bankruptcy odds on Hertz tilt higher</strong></span></p><p>May 20, 2020 1:07 PM ET|About: <a href="https://seekingalpha.com/symbol/HTZ" target="_blank">Hertz Global Holdings, Inc. (HTZ)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor</p><p></p><p></p><p>The latest in the car rental sector is that the odds of Hertz Global (<a href="https://seekingalpha.com/symbol/HTZ" target="_blank">HTZ</a> +1.9%) filing for bankruptcy to restructure are on the <a href="https://www.wsj.com/articles/hertz-lenders-brace-for-losses-from-formerly-triple-a-bonds-11589992344" target="_blank">rise</a>.</p><p></p><p>Sources tell<em> The Wall Street Journal's</em> Matt Wirz that Hertz is far from making a deal with lenders and bondholders to give it the breathing room to survive on its own.</p><p></p><p>"The restructuring is expected to trigger at least a partial liquidation of the Hertz rental-car fleet, the second largest in the U.S. behind rival Enterprise Holdings," writes Wirz.</p><p></p><p><strong><span style="color: #ffff99">About a third of Hertz's 500K cars could be sold through the restructuring process.</span></strong></p></blockquote><p></p>
[QUOTE="Weather Man, post: 16421850, member: 137766"] [size=6][b]Bankruptcy odds on Hertz tilt higher[/b][/size] May 20, 2020 1:07 PM ET|About: [URL='https://seekingalpha.com/symbol/HTZ']Hertz Global Holdings, Inc. (HTZ)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor The latest in the car rental sector is that the odds of Hertz Global ([URL='https://seekingalpha.com/symbol/HTZ']HTZ[/URL] +1.9%) filing for bankruptcy to restructure are on the [URL='https://www.wsj.com/articles/hertz-lenders-brace-for-losses-from-formerly-triple-a-bonds-11589992344']rise[/URL]. Sources tell[i] The Wall Street Journal's[/i] Matt Wirz that Hertz is far from making a deal with lenders and bondholders to give it the breathing room to survive on its own. "The restructuring is expected to trigger at least a partial liquidation of the Hertz rental-car fleet, the second largest in the U.S. behind rival Enterprise Holdings," writes Wirz. [b][color=#ffff99]About a third of Hertz's 500K cars could be sold through the restructuring process.[/color][/b] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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