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News Stories (11 Results) - Hertz

Hertz Global Holdings announced the composition of its new Board of Directors whose term is effective with the Company's successful completion of its restructuring and emergence from Chapter 11. The new Board will initially include eight members with... Read Story
July 02, 2021, 07:11 AM


Creditors to be paid in full and existing shareholders to receive more than $1 billion of value.Hertz Global Holdings announced that the Bankruptcy Court confirmed the Company's Plan of Reorganization (the "Plan"). The Plan unimpairs all classes of... Read Story
June 14, 2021, 07:20 AM


Hertz Global Holdings announced that, following the completion of the auction previously approved by the Court in its Chapter 11 case, Hertz has selected and approved a revised proposal from certain funds and accounts managed by affiliates of each of... Read Story
May 14, 2021, 07:16 AM


Hertz Global Holdings selected an enhanced proposal from Centerbridge Partners, L.P., Warburg Pincus LLC, and Dundon Capital Partners, LLC (collectively, the "Sponsorship Group") to provide the equity capital required to fund Hertz's exit from... Read Story
April 07, 2021, 06:55 AM


Hertz Global Holdings announced it has made all of the required court filings in its Chapter 11 case needed to continue the process it initiated at the beginning of March 2021 to exit Chapter 11 in June 2021. The filings also report on the status of... Read Story
April 01, 2021, 07:21 AM


Hertz Global Holdings filed its initial SEC Form 10 registration statement detailing the planned separation of its equipment rental business as a stand-alone, publicly traded company.  No record date has been set, though the company has said it... Read Story
December 23, 2015, 07:16 AM


Hertz Equipment Rental Corporation, a subsidiary of The Hertz Corporation, has launched "Equipment Assurance," its equipment extended service plan program, in the U.S. in partnership with Warrantech, a subsidiary of AmTrust Financial Services, Inc.... Read Story
April 09, 2015, 07:08 AM


Bloomberg reported Hertz Global Holdings said it will spin off its equipment-leasing division to focus on renting cars.According to the Bloomberg report, Hertz will separate into two publicly traded companies, with Hertz comprising car rentals and... Read Story
March 18, 2014, 07:00 AM


Hertz Global Holdings, Inc. announced that its wholly owned subsidiary, Donlen Corporation ("Donlen"), has successfully completed the establishment of a new fleet lease securitization platform to finance its U.S. fleet lease operations going... Read Story
October 02, 2013, 06:26 AM


The Hertz Corporation and Donlen, the fleet industry’s most comprehensive and integrated provider of financing and asset management solutions, today announced the launch of HERC Ready Finance™, a groundbreaking equipment acquisition program, in... Read Story
March 01, 2013, 07:24 AM


Hertz Global Holdings, Inc. announced that Hertz Equipment Rental Corporation (HERC) has acquired Arpielle Equipment Co., Inc. a leading metropolitan New York City-based rental company, focused primarily on rentals to the construction and industrial... Read Story
March 12, 2012, 07:00 AM