Hertz files for bankruptcy as the coronavirus pandemic crushes the car-rental industry
The car-rental giant became one of the first major corporate casualties of the economic fallout from COVID-19 after entering Chapter 11 proceedings.
www.businessinsider.com
Hertz has around $19 billion in debt, including $4.3 billion in corporate bonds and loans as well as $14.4 billion of debt backed by their vehicles, according to The Journal.