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https://www.wsj.com/articles/hertz-arranges-financing-for-canadian-european-operations-11608845493

Bankruptcy

Hertz Arranges Financing for Canadian, European Operations

Rental-car provider reaches deal to refinance maturing debt so it can pay for fleet expansion

By
Becky Yerak and
Jonathan Randles

Hertz Global Holdings Inc. has lined up financing for its foreign operations as the bankrupt car-rental company looks to bolster its business in Canada and Europe.

Hertz secured 400 million Canadian dollars, or the equivalent of $311 million, in financing from Deutsche Bank AG that will mostly be used to buy roughly 12,500 vehicles next year for its Canadian fleet.

The...

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