This chapter explores Hertz's substantial debt raise and the financial difficulties plaguing its rental car operations, including cash burn and falling used vehicle prices. It also highlights critical legal developments surrounding major bankruptcy cases impacting various companies.
Last week’s highlights include Fisker’s chapter 11 filing, Hertz’s $1 billion debt raise, a ruling in the Invesco/Robertshaw dispute over “required lender” status and David Boies joining former bankruptcy judge David R. Jones’ defense team. And, as always, we provide a preview of what’s on tap for this week.
We’re taking a brief recess from our weekly interview segment this week but will be back next week with more premium content.
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