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)