Hertz in talks with banks for new financing amid travel bans, report says

Hertz Global Holdings Inc. is talking about selections with banks to raise dollars as the rental-car or truck organization seeks to climate a around the world slowdown in journey, in accordance to persons with knowledge of the subject.

Amid the selections staying mentioned by the organization and banks led by Barclays Plc are a initial-lien loan, 2nd-lien financing or collateralizing the company’s car fleet. Hertz has also requested the U.S. Treasury Department for a loan.

Although no choices have been produced, the organization, loan companies and prospective buyers have mentioned a initial-lien loan of as substantially as various hundred million

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