Hertz exploring options to raise financing, Bloomberg News reports
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Hertz car rental logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Hertz Global is exploring options to raise financing, weeks after its new CEO pledged to get the company back on track following a failed bet on electric vehicles, Bloomberg News reported, citing people with knowledge of the matter.
Shares of the car rental company were up 4.1% after the bell. They had hit a record low in April after the company reported a bigger-than-expected quarterly loss.
Hertz is working with financial advisers as it weighs its options, the report said.
The company did not immediately respond to a Reuters request for comment.
(Reporting by Kannaki Deka in Bengaluru; Editing by Arun Koyyur)
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