Hertz Eyes $500 Million Debt Raise Ahead of Lawsuit Charge
A Hertz rental car location in Berkeley, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Hertz Global Holdings Inc. is looking to raise around $500 million of secured debt to shore up its balance sheet, according to people with knowledge of the matter.
It’s also exploring other options including raising equity through an at-the-market offering, said other people, all of whom asked not to be named as the talks are private. The discussions are ongoing and plans are not final, some added.