|Bid||16.44 x 800|
|Ask||16.45 x 900|
|Day's Range||16.27 - 16.54|
|52 Week Range||11.24 - 19.07|
|Beta (3Y Monthly)||2.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.58|
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...
ESTERO, Fla., Nov. 14, 2019 /PRNewswire/ -- Hertz Global Holdings, Inc. (HTZ) (the "Company") today announced that its wholly-owned subsidiary, The Hertz Corporation ("Hertz"), has entered into an agreement to sell $900 million aggregate principal amount of 6.000% Senior Notes due 2028 (the "Notes") in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes are expected to be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz that guarantee its senior credit facilities from time to time. Hertz intends to use the proceeds from the issuance of the Notes, together with available cash, to consummate the redemption of $900 million in aggregate principal amount of its outstanding 7.625% Senior Secured Second Priority Notes due 2022 (the "Senior Secured Second Priority Notes"), pay premiums and accrued and unpaid interest in connection with the redemption of the Senior Secured Second Priority Notes and pay fees and expenses in connection with the Offering and the redemption.
ESTERO, Fla., Nov. 14, 2019 /PRNewswire/ -- Hertz Global Holdings, Inc. (HTZ) (the "Company") today announced that its wholly-owned subsidiary, The Hertz Corporation ("Hertz"), intends to offer $750 million aggregate principal amount of senior unsecured notes due 2028 (the "Notes"), subject to market and other conditions, in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes are expected to be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz that guarantee its senior credit facilities from time to time. Hertz intends to use the proceeds from the issuance of the Notes, together with available cash (if necessary), to redeem an amount (including premium and accrued but unpaid interest thereon) of Hertz's 7.625% Senior Secured Second Priority Notes due 2022 (the "Senior Secured Second Priority Notes") approximately equal to the net proceeds from the issuance of the Notes and pay premiums and accrued and unpaid interest in connection therewith and related transaction fees and expenses.
LONDON, Nov. 13, 2019 /PRNewswire/ -- Hertz Europe Ltd, part of Hertz Global Holdings, Inc. (HTZ), has expanded its monthly car subscription service My Hertz Weekend, which is now available in France, Germany, Italy, Spain and United Kingdom, becoming the car rental leader in this space. Vincent Gillet, Vice President Marketing, International, said: "Following the launch of My Hertz Weekend in Italy in May, we've had very positive feedback, which encouraged us to expand the service to more locations across Europe. "A convenient alternative to car sharing and leasing, My Hertz Weekend responds to the current shift in attitude regarding car ownership as well as to the growth in the renting and subscription economy.
(Bloomberg) -- The Dutch government is throwing its weight behind challenging London’s position as Europe’s legal hub for the lucrative business of restructuring the debt of struggling companies.With Britain due to leave the European Union by the end of January, the Netherlands is bidding to chip away at the legal business that runs through English courts with a proposed reform of insolvency laws set to be approved by parliament early next year. This outlines a new bankruptcy code taking elements of U.S. Chapter 11 procedures and English schemes of arrangement, aiming to boost the appeal of the Netherlands as a chosen jurisdiction.“Because the Netherlands will provide for a restructuring option that is automatically recognized in the rest of European countries, we think that it will lead to an increase of cases from the U.K. toward the Netherlands,” Ferdinand Hengst, partner at Dutch law firm De Brauw Blackstone Westbroek, said in a phone interview.English judges have overseen the overhaul of more than $60 billion of debts owed by at least 50 non-U.K. firms in the last ten years, generating fees and commissions for thousands of lawyers and consultants in London’s financial district.Under the new Dutch bill, a debtor will be able to offer an extrajudicial restructuring plan to all or some of its stakeholders that would be binding on all affected parties upon the approval of two thirds of each creditor class. The new law also makes it easier to impose losses on junior creditors.READ: Europe’s Rescue Fund Drops English Law For Bonds, Citing BrexitBrexit UncertaintyReform of the Dutch insolvency code comes amid ongoing uncertainty about the nature of legal arrangements between the U.K. and the European Union after Brexit.At the end of the transitional period that will follow the U.K.‘s exit from the EU, English pre-insolvency schemes of arrangement may no longer be recognized within the bloc, according to a note published by Kirkland & Ellis. Insolvency procedures may also lose automatic recognition and need approval from a local judge in the absence of a new agreement.Brexit has prompted other European cities such as Paris, Frankfurt and Brussels to try and take legal and financial business from London, copying some U.K. legal practices or offering proceedings in English.Read more: Paris, Frankfurt Try to Grab Lucrative Legal Action From LondonLondon nevertheless has retained much of its appeal. Earlier this year a U.S. company chose for the first time, an English scheme of arrangement over U.S. proceedings to restructure some of its international units, according to a note published by law firm Goodwin.Meanwhile, Dutch insolvency reform is yet to be tested and it may take time before practitioners get comfortable using it, said Philip Hertz, partner and global head of restructuring and insolvency at Clifford Chance.Tried, Tested“The U.K. will continue to be a favored jurisdiction for restructuring”, Glen Flannery, partner in CMS in London said in an interview. “But in some cases in the future it may make more sense to anchor the proceedings somewhere in Europe other than the U.K. to avail of the automatic recognition that’s available throughout EU member states,” he said.That’s the aim of prime minister Mark Rutte’s government. A new international trade chamber -- the Netherlands Commercial Court -- started hearing cases in Amsterdam in January. Hearings are conducted in English and the court seeks to compete with London, Dubai and Singapore in complex international commercial cases. Since the court opened, it has heard two cases, one of them related to a debt restructuring.While Amsterdam is unlikely to replace London as Europe’s top financial center even after Brexit, the reforms are likely to shift more restructurings toward Dutch courts, according to Hengst.“I expect that in a few years from now, the heart of the financial market in Europe will still be in London,” Hengst said. “But many of the advisers will be working from London in proceedings run by Dutch courts.”\--With assistance from Luca Casiraghi.To contact the reporter on this story: Irene García Pérez in London at email@example.comTo contact the editors responsible for this story: Vivianne Rodrigues at firstname.lastname@example.org, Chris VellacottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Traditional car rental companies that want to survive in an age increasingly dominated by digital technology have to expand beyond their core business. This means partnering with ridehailing apps, such as Uber and Lyft, which both Hertz and Avis have done, or using their fleet to provide vans to delivery services, which again both car […]
Car rental companies are quickly expanding into a variety of different services, from package delivery to ridehailing, as the rise of startups like Uber and Lyft increases competition. So far, for Hertz, these new endeavors are paying off. The car rental company posted solid results for the third quarter of 2019, building on its revenue […]
Hertz (HTZ) delivered earnings and revenue surprises of 8.11% and -1.42%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Hertz Global Holdings Inc. stock fell more than 2% in the extended session Monday after the company reported a 3% rise in sales to $2.84 billion.
ESTERO, Fla. , Nov. 4, 2019 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz Global" or the "Company") today reported results for its third quarter 2019. Third Quarter ...
On Monday, November 4, Hertz Global Holdings (NYSE: HTZ ) will report its last quarter's earnings. Here is Benzinga's preview of the company's release. Earnings and Revenue Analysts covering Hertz Global ...
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Does Hertz Global Holdings, Inc. (NYSE:HTZ) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they […]