Car rental firm Hertz Global Holdings Inc said it would sell up to $1 billion in shares, cashing in on a huge speculative rise in its share price since filing for bankruptcy late last month.
FILE PHOTO: A logo of the American car rental company Hertz is seen at Bordeaux Airport in Merignac, Southwestern France, February 4, 2016. REUTERS/Regis Duvignau/File Photo
- Car rental firm Hertz Global Holdings Inc said it would sell up to $1 billion in shares, cashing in on a huge speculative rise in its share price since filing for bankruptcy late last month. Since filing for bankruptcy on May 22, Hertz’s shares have risen more than threefold in value. The stock jumped 157% in the week ended June 5, their biggest weekly percentage gain on record.
Hertz is now seeking approval from a bankruptcy court to potentially sell 246.78 million unissued shares to Jefferies LLC. “The recent market prices of and the trading volumes in Hertz’s common stock could potentially present a unique opportunity for the debtors to raise capital on terms that are far superior to any debtor-in-possession financing,” the company said in a regulatory filing on Thursday.The company filed for Chapter 11 protection in a U.S. bankruptcy court in Delaware after talks with creditors failed to result in much needed relief.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Bankrupt Hertz Wants to Sell Up to $1 Billion in New SharesRental-car company Hertz Global Holdings wants to capitalize on the rally in its stock seen earlier this week by selling up to $1 billion in shares, despite a bankruptcy that threatens to wipe them out.
続きを読む »
How Hertz Went Bankrupt - The Journal. - WSJ Podcasts🎧 Listen: In today's episode of The Journal podcast, mattwirz explains why Hertz is a prime example of how the coronavirus has exposed the debt many companies racked up before the crisis
続きを読む »
John Cena Joins Effort to Match BTS's $1 Million Donation to BLMJohn Cena has been inspired by BTS’s recent contribution to donate to Black Lives Matter.
続きを読む »
K-Pop Band BTS' Fans Match $1 Million Donation To BLMFans of the popular band matched the donation in less than 48 hours and are continuing to raise money for the cause
続きを読む »
Jordan Peele donates $1 million to groups 'essential to the health and lives of Black people'Jordan and Peele and his Monkeypaw Productions are donating a total of $1 million to Black Emotional and Mental Health Collective, Black Lives Matter, Equal Justice Initiative, Fair Fight, and Transgender Gender-Variant & Intersex Justice Project.
続きを読む »
John Cena Donates $1 Million to Black Lives Matter: 'Be Brave and Open-Minded'John Cena matched a donation made by the popular K-Pop band, BTS, as part of the MatchAMillion initiative
続きを読む »