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

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) – 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.

The Estero, Florida-based company, which operates the Hertz, Dollar and Thrifty car-rental brands, had been holding talks with creditors after skipping significant car-lease payments due in April.

Forbearance and waiver agreements on the missed payments were set to expire on Friday.

Reporting by Arunima Kumar in Bengaluru; Editing by Aditya Soni

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