Form 8-K HERTZ GLOBAL HOLDINGS, For: Apr 16 Filed by: HERTZ CORP

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Go back to Form 8-K HERTZ GLOBAL HOLDINGS, For: Apr 16 Filed by: HERTZ CORP

Goldman Sachs Reiterates Sell Rating on Hertz Global (HTZ)

April 23, 2024 8:57 AM EDT

Goldman Sachs analyst Lizzie Dove reiterated a Sell rating and $7.00 price target on Hertz Global (NASDAQ: HTZ). Comments followed an amendment to leverage covenants.

The analyst commented, "HTZ filed an amendment to increase its First Lien covenants through 1Q25, with additional limitations on restricted payments and permitted investments. The consolidated first... More

Hertz Global (HTZ) Discloses Amendment to Credit Agreement

April 23, 2024 7:19 AM EDT

Hertz Global (NASDAQ: HTZ) disclosed:

Item 1.01 Entry into a Material Definitive Agreement.

Amendment to Credit Agreement

On April 16, 2024, The Hertz Corporation (THC) entered into Amendment No. 8 to Credit Agreement (Amendment No. 8), by and among THC, the Subsidiary Borrowers (as defined below) party thereto, Rental Car Intermediate Holdings, LLC, the other guarantors party thereto and Barclays Bank PLC, as administrative agent (the Administrative Agent) and the Revolving Lenders party thereto, which amends that certain Credit Agreement, dated as of June 30, 2021, by and among THC, the subsidiary borrowers party thereto from time to time (the Subsidiary Borrowers),... More