A bounce in used-car costs gave Hertz World Holdings Inc. a shot at a deal that may maintain the rental-car firm’s lenders at bay till the tip of the yr and gaining time to see how for much longer the pandemic will punish the journey business.
An settlement authorised Friday within the U.S. Chapter Courtroom in Wilmington, Del., provides lenders $650 million money hire on the automobiles Hertz is protecting, whereas Hertz will get the proper to slash its fleet of automobiles by greater than 182,000 autos in addition to chop into its debt load.
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