by bondevalue | May 4, 2021 | High Yield Bonds
Car rental company Hertz saw investment firms Knighthead Capital Management and Certares Management submit another sweetened offer yet again to buy them out of bankruptcy. Under this deal, equity holders could recover $2.25 a share and sources say that bondholders...
by bondevalue | Apr 21, 2021 | High Yield Bonds
Hertz received for the second time an improved offer from Knighthead Capital Management and Certares Management as the bidding war escalates after the investment firms raised their bid to fund the US car rental firm’s exit from bankruptcy, valuing Hertz Global at...
by bondevalue | Apr 19, 2021 | High Yield Bonds
Knighthead Capital Management and Certares Management valued Hertz Global at $6.2bn, raising their bid to fund the US car rental firm’s exit from bankruptcy. The investment firms Knighthead and Certares have offered to take control of Hertz, with existing...
by bondevalue | Apr 5, 2021 | High Yield Bonds
American car rental company Hertz is likely to accept the latest proposal from a private equity (PE) group led by Centerbridge Partners, Warburg Pincus and Dundon Capital Partners for its exit out of bankruptcy. This comes after the new group made its rival proposal...
