Hertz Is Exploring Options for Raising Financing
- Company working with financial advisers as it weighs options
- Unclear if financing will be new equity, debt or a mix of both
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Hertz Global Holdings Inc. is exploring options to raise financing weeks after the company’s new chief executive officer pledged to get the company back on track following a failed bet on electric vehicles, according to people with knowledge of the matter.
The car rental company is working with financial advisers as it weighs its options, said the people, who asked not to be identified discussing confidential information. It wasn’t immediately known if Hertz is pursuing new equity, debt or a mix of both.