Supreme Court Declines to Hear Hertz Bankruptcy Interest Fight

The US Supreme Court won’t consider Hertz Corp.'s request to reverse an appeals court ruling that it must pay hundreds of millions of dollars more to unsecured bondholders because it became solvent during its bankruptcy.

The car rental company’s petition, rejected by the justices Monday, asked the high court to consider whether creditors can recover “make-whole” and other interest-like payments when a debtor, during its bankruptcy, goes from insolvent to being able to pay its debts.

The US Court of Appeals for the Third Circuit in September 2024 found that Hertz must pay its unsecured bondholders more than $270 million ...