Can I still rent a car through Hertz that filed for bankruptcy?

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Will Hertz get out of bankruptcy?

Hertz, an early victim of the pandemic, officially emerged from bankruptcy on Wednesday. Its return coincides with and was made possible in part by a red-hot market for rental cars. It is a remarkable turnaround for a business that was bloated with debt and struggling to survive just 13 months ago.

Should I buy Hertz after bankruptcy?

The initial trading in new Hertz stock could begin at $13.80, valuing it at $6.5 billion based on about 472 million shares outstanding. There is also $1.5 billion of preferred stock held by Apollo....Hertz Is About to Exit Bankruptcy. Why Its Stock Is a Buy.Hertz Package Value Per ShareHTZGQ Recent Price$7.154 more rows•Jun 25, 2021

How did Hertz get out of bankruptcy?

Hertz was provided $5.9 billion in new equity capital by the company's new investor group, led by Knighthead Capital Management and Certares Opportunities. The two investment firms agreed in March to buy Hertz and take it out of bankruptcy. Hertz said it has reduced corporate debt by nearly 80%, or nearly $5 billion.

What is going on with Hertz rental car?

Hertz is in the process of selling off more than 180,000 of its roughly 500,000-car fleet to pay $650 million to creditors by the end of 2020. Investors say things look less dire for Hertz than they did in May, but challenges remain. There continue to be questions about when business travel will pick up again.

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Hertz Bankrupt? Will Used Car Prices Drop From A Hertz Rental Car Bankruptcy? HTZ

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