Hertz to cut $6 billion in vehicle debt by year end, lawyer says

Hertz car rental lot — (BLOOMBERG/Photographer: Luke Sharrett/Bloo)

By:

STEVEN CHURCH

By:

Bloomberg

July 24, 2020 10:12 PM

Hertz Global Holdings Inc. has struck a deal that will cut the debt it owes lenders who financed its rental car fleet to less than $5 billion from $11 billion by Dec. 31, the company’s main bankruptcy lawyer said in court Friday.

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