HERTZ, AVIS, EUROPCAR: i loro e nostri guai

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  • Hertz Global Holdings Inc. inked an agreement with lenders to provide a 2 ½ week extension for debt restructuring negotiations after the car rental company missed a recent lease payment.The Estero, Fla.-based car-rental company got lenders to waive the potential debt default until May 22 to provide additional time for discussions “with the goal to develop a financing strategy and structure that better reflects the economic impact of the Covid-19 global pandemic. WSJ
 
Europcar e' stata aiutata in Spagna, Avis pure ha ricevuto aiuti.
Se si gioca on plain field Hertz pure dovrebbe farcela.....mah....vediamo.


  • Hertz Global Holdings Inc. inked an agreement with lenders to provide a 2 ½ week extension for debt restructuring negotiations after the car rental company missed a recent lease payment.The Estero, Fla.-based car-rental company got lenders to waive the potential debt default until May 22 to provide additional time for discussions “with the goal to develop a financing strategy and structure that better reflects the economic impact of the Covid-19 global pandemic. WSJ
 
(Bloomberg) -- Avis Budget Group Inc. tapped the junk bond market for $500 million, the latest company to borrow at double-digit rates to ride out the travel shutdown. The rental-car company sold secured notes to yield 11.297%, according to people with knowledge of the matter. Avis was able to boost the size of the deal from $400 million, the people said, asking not to be identified as the details are private. Joining Avis in the high-yield market Tuesday is Norwegian Cruise Line Holdings Ltd., which is sounding out investor interest for $600 million of four-year notes that may pay a coupon of 12.5%. Other companies hit hard by the virus like Carnival Corp. and AMC Entertainment Holdings Inc. have also recently borrowed at rates over 10%.
 

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