Hertz Global (HTZ) is exploring options to raise as much as $500 million through secured debt or equity offering, Bloomberg reported Friday, citing sources close to the matter.
Bloomberg previously reported that the rental car company had engaged Ducera Partners to arrange financing to fund its potential settlement with bondholders and extend revolving credit facility due in 2026.
The sources told Bloomberg that the discussions are currently in early stages.
Hertz didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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