AMERICAS DISTRESS DAILY: Hertz Faces Fight Over Unpaid Interest

Hertz bondholders are seeking immediate payment of approximately $320 million in unpaid interest from the company, citing concerns that Hertz may delay payment due to fresh financial turmoil.

The bondholders’ concerns are driven by Hertz’s weak performance and recent financial maneuvers, despite the company’s claims of being sufficiently capitalized. A federal appeals court recently ruled that Hertz must pay bondholders interest related to its 2020 bankruptcy, but the company has vowed to appeal the decision.

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