Hertz shares are trading lower on reports the company is contemplating selling $700 million in secured debt, coupled with a convertible notes offering.
Portfolio Pulse from Benzinga Newsdesk
Hertz shares are trading lower due to reports that the company is considering selling $700 million in secured debt and a convertible notes offering.
June 07, 2024 | 1:39 pm
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Hertz shares are trading lower due to reports that the company is considering selling $700 million in secured debt and a convertible notes offering.
The news of Hertz contemplating selling $700 million in secured debt and a convertible notes offering suggests potential financial strain or a need for liquidity, which is negatively impacting investor sentiment and causing the stock price to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100