Hertz Global Holdings Secures A $4 Billion Commitment For Fleet Financing To Support A Refreshed And Robust Vehicle Fleet
Amount Raised
$4 Billion
Round Type
Funding Round
EsteroTransportationTravelAutomotiveleisure, travel & tourismDescription
Hertz Global Holdings, Inc. ("Hertz" or "The Company") (OTCPK: HTZGQ) today announced that it has secured commitments for fleet financing totaling $4 billion and has filed a motion for approval of The Hertz Corporation entering into the documentation for the financing by the U.S. Bankruptcy Court for the District of Delaware. Upon approval, and together with the up to $1 billion of Hertz's debtor-in-possession financing that may be used for equity in the fleet financing subsidiary, Hertz will have access to up to $5 billion in total funding to support its fleet financing needs.
Quick answer
Hertz Global Holdings raised $4 Billion in a Funding Round round, dated November 5, 2020. Hertz Global Holdings is based in Estero, Florida, United States.
- How much did Hertz Global Holdings raise?
- Hertz Global Holdings raised $4 Billion in a Funding Round round on November 5, 2020.
- What does Hertz Global Holdings do?
- Hertz Global Holdings, Inc. is a leading global rental car company that operates the Hertz, Dollar and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle..
- Where is Hertz Global Holdings based and how big is it?
- Hertz Global Holdings is based in Estero, Florida, United States. Fundz records about 26,000 employees.
- Who are the decision-makers at Hertz Global Holdings?
- Fundz holds 2 contacts at Hertz Global Holdings. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Travel around the same time
Companies in the same sectors as Hertz Global Holdings that raised within 45 days of this round, from Fundz verified event records.
- Workhorse Group raised $200M on October 28, 2020.
- Glydways raised $6.8M on December 17, 2020.
- Stord raised $32M on December 4, 2020.
- 48forty Solutions raised an undisclosed amount (Private Equity) on December 1, 2020.
- Overseas Shipholding Group, Inc. raised an undisclosed amount (Funding Round) on November 24, 2020.
- Position Imaging raised $3.8M on November 12, 2020.
Who to call at Hertz Global Holdings, and when
A new round usually means Hertz Global Holdings is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Hertz Global Holdings raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Hertz Global Holdings, from your own LinkedIn network
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