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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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<blockquote data-quote="Weather Man" data-source="post: 16423579" data-attributes="member: 137766"><p>Damn, looks like they aren't going to make it. I wonder how many smaller airports only have Hertz and that's all.</p><p></p><p><span style="font-size: 22px"><strong>Hertz -12% on report it's preparing bankruptcy tonight</strong></span></p><p>May 22, 2020 5:25 PM ET|About: <a href="https://seekingalpha.com/symbol/HTZ" target="_blank">Hertz Global Holdings, Inc. (HTZ)</a>|By: <a href="https://seekingalpha.com/user/427396/profile" target="_blank">Jason Aycock</a>, SA News Editor</p><p></p><p></p><p>Hertz Global Holdings (NYSE:<a href="https://seekingalpha.com/symbol/HTZ" target="_blank">HTZ</a>) has slid 12% after hours on a <em>WSJ</em> report that the company is preparing a <a href="https://www.wsj.com/articles/hertz-preparing-bankruptcy-filing-as-soon-as-friday-night-sources-say-11590182538?mod=searchresults&page=1&pos=1" target="_blank">bankruptcy filing</a> for as soon as tonight.</p><p></p><p>That comes after the company failed to reach a standstill deal with its top lenders, according to the report.</p><p></p><p>The company missed a lease payment last month, and had convinced creditors to wait until this evening before declaring a default - but the creditors refused to grant another extension, sources told the <em>WSJ.</em></p><p></p><p>Hertz has about $19B in debt (some $4.3B in corporate bonds and loans, and $14.4B in vehicle-backed debt).</p><p></p><p><strong>Updated 5:31 p.m.:</strong> The after-hours tumble extends to a 44% decline.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16423579, member: 137766"] Damn, looks like they aren't going to make it. I wonder how many smaller airports only have Hertz and that's all. [size=6][b]Hertz -12% on report it's preparing bankruptcy tonight[/b][/size] May 22, 2020 5:25 PM ET|About: [URL='https://seekingalpha.com/symbol/HTZ']Hertz Global Holdings, Inc. (HTZ)[/URL]|By: [URL='https://seekingalpha.com/user/427396/profile']Jason Aycock[/URL], SA News Editor Hertz Global Holdings (NYSE:[URL='https://seekingalpha.com/symbol/HTZ']HTZ[/URL]) has slid 12% after hours on a [i]WSJ[/i] report that the company is preparing a [URL='https://www.wsj.com/articles/hertz-preparing-bankruptcy-filing-as-soon-as-friday-night-sources-say-11590182538?mod=searchresults&page=1&pos=1']bankruptcy filing[/URL] for as soon as tonight. That comes after the company failed to reach a standstill deal with its top lenders, according to the report. The company missed a lease payment last month, and had convinced creditors to wait until this evening before declaring a default - but the creditors refused to grant another extension, sources told the [i]WSJ.[/i] Hertz has about $19B in debt (some $4.3B in corporate bonds and loans, and $14.4B in vehicle-backed debt). [b]Updated 5:31 p.m.:[/b] The after-hours tumble extends to a 44% decline. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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