Prince Julio Cesar Cruz : ¿Cuáles son los planes de belleza que tiene Prince Julio : César para 2020 tras la pandemia que nos afecta a todos?// Hertz preparing to file for bankruptcy as soon as Friday night: WSJ

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Hertz preparing to file for bankruptcy as soon as Friday night: WSJ

FILE PHOTO: Logos of car rental company Hertz are seen outside Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease (COVID-19) in France May 19, 2020. REUTERS/Charles Platiau (Reuters) – Car rental firm Hertz Global Holdings Inc ( HTZ.N ) is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported on.wsj.com/2A4ONKs, citing people familiar with the matter.

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The company, which operates the Hertz, Dollar and Thrifty car-rental brands, had been holding talks with creditors after missing significant car-lease payments in April. Forbearance and waiver agreements on the missed payments were set to expire on Friday.

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The creditors had asked for upfront compensation from the company in exchange for a further extension, but the two sides could not come to an agreement, according to the WSJ report.

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Hertz did not immediately respond to a request for comment.

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The more than a century old car rental firm, whose largest shareholder is billionaire investor Carl Icahn, is reeling from government orders restricting travel and requiring citizens to remain home.

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Estero, Florida-based Hertz has more than $18 billion of debt and roughly 38,000 employees worldwide as of the end of 2019.

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Reporting by Mike Spector in New York and Arunima Kumar in Bengaluru; Editing by Aditya Soni

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