Hertz rental car prepares for bankrupty

  • After failing to make lease payments, Hertz Global Holdings Inc says it is preparing for possible bankruptcy filing.
  • The rental-car company and its advisers are negotiating with senior lenders and certain holders of its vehicle finance subsidiary’s notes with the aim of temporarily reducing payments.
  • Hertz says if a sufficient amount of creditors don’t agree to waive any default by May 4, the company “could be materially and negatively impacted”.

Source: Fox News