Loopholes in Hertz and Avis Debt Documents

The Covenants by Reorg team discusses Hertz’s and Avis’ corporate capital structures and securitization structures, the impact coronavirus has had on their business and the companies’ ability to raise liquidity under loosely drafted debt and lien covenants. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial