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-11h

What Hertz Global Holdings (HTZ)'s US$270 Million Legal Payout Means For Shareholders

The US Supreme Court recently declined to hear Hertz Global Holdings’ appeal over bondholder payments tied to its Chapter 11 case, leaving in place a lower court ruling that requires the company to pay more than US$270 million in make-whole premiums and additional interest to former unsecured bondholders. This outcome adds a sizeable legal and cash obligation at a time when Hertz is already managing high debt levels, raising fresh questions about its financial flexibility and balance sheet...
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