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Hertz backs new $400M ABS Deal to restock vehicle fleet – Fox Business


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Hertz backs new $400M ABS Deal to restock vehicle fleet – Fox Business

Sept. 23, 2020 5:15 pm ET Hertz Global Holdings Inc. is backing a new effort to raise $400 million that would allow it to keep its rental car fleet stocked with new vehicles for a return to business once the coronavirus pandemic eases. The nation’s largest car-rental company filed for bankruptcy protection in May, its…

Hertz backs new $400M ABS Deal to restock vehicle fleet - Fox Business thumbnail

Hertz Global Holdings Inc. is backing a new effort to raise $400 million that would allow it to keep its rental car fleet stocked with new vehicles for a return to business once the coronavirus pandemic eases.

The nation’s largest car-rental company filed for bankruptcy protection in May, its revenues hammered by restrictions imposed to suppress the spread of Covid-19, which has claimed more than 200,000 lives in the U.S.

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