Hertz Global Holdings (HTZ) has engaged investment bank Ducera Partners and law firm Davis Polk & Wardwell to advise on capital structure options amid legal dispute with bondholders, Bloomberg reported Monday, citing sources with knowledge of the matter.
A Federal appeals court had previously awarded some of the company's bondholders a "make-whole payout of over $300 million" after the company's 2020 bankruptcy. Since early 2025, the rental-car company has been in talks with bondholders to resolve this issue.
The company's total debt is more than $6 billion, Bloomberg reported, citing data it has compiled.
Hertz, Ducera and Davis Polk didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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