The deal, which is subject to bankruptcy court approval, is supported by holders of more than 85% of the company’s unsecured notes.
NEW YORK: Hertz Global Holdings has chosen an enhanced proposal from Centerbridge Partners, Warburg Pincus and Dundon Capital Partners to provide equity capital to fund Hertz’s exit from chapter 11.
The deal, which is subject to bankruptcy court approval, is supported by holders of more than 85% of the company’s unsecured notes.
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