DIP

Bankrupt car rental company Hertz secures $1.65 bln DIP financing

October 16, 2020
The FINANCIAL — Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has secured commitments for debtor-in-possession (“DIP”) financing totaling $1.65 billion and has filed a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware. Hertz President and CEO Paul Stone said, “This new financing will provide additional financial flexibility as we continue to navigate the pandemic’s effects

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