• Hertz jumps 124% after it lines up $1.65 billion in potential financing

    5 days ago - By Business Insider

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    Hertz soared 124% on Friday after it lined up potential debtor-in-possession financing of $1.65 billion, according to a regulatory filing. Hertz entered a commitment letter for the $1.65 billion deal, which is not official until it is approved by the bankruptcy court. The court will hold a hearing to review the potential financing on or around October 29. Up to $1 billion of the financing could be used for new interim fleet financing. Visit Business Insider's homepage for more stories. Hertz soared on Friday after it said in a regulatory filing that it entered a...
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