Hertz Making ready To File For Chapter: WSJ

Could 22 (Reuters) – Hertz International Holdings Inc is making ready to file for chapter as quickly as Friday evening after failing to succeed in a standstill settlement with its prime lenders, the Wall Road Journal reported, citing folks conversant in the matter.

The Estero, Florida-based firm, which operates the Hertz, Greenback and Thrifty car-rental manufacturers, had been holding talks with collectors after skipping vital car-lease funds due in April.

Forbearance and waiver agreements on the missed funds had been set to run out on Friday. (Reporting by Arunima Kumar in Bengaluru; Modifying by Aditya Soni)

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