NasdaqGS:HTZTransportation
Why Hertz (HTZ) Is Down 5.7% After Supreme Court Leaves US$270 Million Liability Intact - And What's Next
In the past few days, Hertz Global Holdings learned it must pay more than US$270 million in make-whole premiums and interest to former bondholders after the US Supreme Court declined to review its bankruptcy-related appeal, leaving the lower court ruling in place.
This ruling adds a sizable new liability on top of Hertz’s already high debt load, intensifying concern about its financial flexibility and legal overhangs.
Next, we’ll examine how this additional US$270 million obligation could...