On or about 5/22 Hertz will file for Chapter 11. A clean slate. Debt will be reduced from $19.54 Billion down to $8Billion. Common shares will be given to another $3Billion. Hertz will drastically change its reliance on travel and move into the Enterprise model along with various new partnership opportunities.
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‘She inherited 12 billion from the crook Frissora’...and she increased the debt for additional 3 billion? Instead of decreasing it? Good work Kathy, thank yoi
People forget it is not the current Admin that brought this Debt. Kathy has only added 3 Billlion to Debit in her time. She inherited 12 billion from the crook Frissora.
You got the file for bankruptcy part right. Clean slate? How do you just erase $11.54B of debt and still maintain a credible credit rating? And Hertz is not going to drastically change anything unless they clean house first, starting at the very top. I can't see them giving up on travel either. The current situation is a bump in the road. Business travel will return and be just as lucrative as before.
Guess or fact?