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6 days ago | 
news.bloombergtax.com | Reshmi Basu |David Welch
Hertz Global Holdings Inc. is exploring ways to raise debt to bolster its balance sheet as it faces a potential payout to bondholders and to address looming liabilities, according to people with knowledge of the matter.
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6 days ago | 
news.bloomberglaw.com | Reshmi Basu |David Welch
Hertz Global Holdings Inc. is exploring ways to raise debt to bolster its balance sheet as it faces a potential payout to bondholders and to address looming liabilities, according to people with knowledge of the matter.
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6 days ago | 
bloomberg.com | Reshmi Basu |David Welch
A Hertz rental car location in Berkeley, California, US, on Monday, Jan. 29, 2024. Hertz Global Holdings Inc. is scheduled to release earnings figures on February 6. Photographer: David Paul Morris/Bloomberg(Bloomberg) -- Hertz Global Holdings Inc. is exploring ways to raise debt to bolster its balance sheet as it faces a potential payout to bondholders and to address looming liabilities, according to people with knowledge of the matter.
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1 week ago | 
bloomberg.com | Reshmi Basu |Isabella Farr
An worker prepares packages for shipping at a warehouse in Robbinsville, New Jersey. (Bloomberg) -- Distressed retailers and consumer-products firms are having a tough time finding ways to generate liquidity as tariffs threaten their balance sheets, according to restructuring veteran Holly Etlin. “It’s all about cost reduction” for retailers right now, Etlin — a managing director at AlixPartners who in recent years served as chief restructuring officer for Bed Bath & Beyond Inc.
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1 week ago | 
financialpost.com | Reshmi Basu |Mark Chediak
(Bloomberg) — Sunnova Energy International Inc., the once high-flying seller of rooftop solar panels that’s now struggling to stay afloat, is having difficulty convincing creditors to provide it with fresh cash so it can avoid bankruptcy, according to people familiar with the matter.
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1 week ago | 
bloomberg.com | Reshmi Basu |Mark Chediak
Workers install solar panels on a roof in California. (Bloomberg) -- Sunnova Energy International Inc., the once high-flying seller of rooftop solar panels that’s now struggling to stay afloat, is having difficulty convincing creditors to provide it with fresh cash so it can avoid bankruptcy, according to people familiar with the matter.
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1 week ago | 
news.bloomberglaw.com | Reshmi Basu |Mark Chediak
Sunnova Energy International Inc., the once high-flying seller of rooftop solar panels that’s now struggling to stay afloat, is having difficulty convincing creditors to provide it with fresh cash so it can avoid bankruptcy, according to people familiar with the matter. The Houston-based company has been in discussions with its creditors for the past month, but efforts to raise new funds have so far been unsuccessful, said the people, asking not to be identified because the talks are private.
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1 week ago | 
bloomberg.com | Reshmi Basu
(Bloomberg) -- Confidential talks between Clearlake Capital Group-backed RSA Security and a group of its lenders have fallen apart after terms on a debt restructuring couldn’t be reached, according to people with knowledge of the situation.
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1 week ago | 
bloomberg.com | Reshmi Basu
A Hertz rental car location in San Francisco, California, US, on Monday, Jan. 29, 2024. Hertz Global Holdings Inc. is scheduled to release earnings figures on February 6. Photographer: David Paul Morris/Bloomberg(Bloomberg) -- Hertz Global Holdings Inc. has been working with advisers on options for its capital structure while it fights a legal battle with some bondholders, according to people familiar with the matter.
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1 week ago | 
news.bloomberglaw.com | Reshmi Basu
Hertz Global Holdings Inc. has been working with advisers on options for its capital structure while it fights a legal battle with some bondholders, according to people familiar with the matter. Boutique investment bank Ducera Partners and law firm Davis Polk & Wardwell have been helping the rental-car company, said the people, who asked not to be named discussing a confidential matter.
