US Supreme Court has dismissed a move by Hertz (HTZ) to avoid paying over USD 320mln to bondholders, Bloomberg reports
Newsquawk Staff ·
US Supreme Court has dismissed a move by Hertz (HTZ) to avoid paying over USD 320mln to bondholders, Bloomberg reports.
What it means
The US Supreme Court's dismissal of Hertz's attempt to avoid a substantial payment to bondholders underscores the company's ongoing financial challenges. This ruling may hinder Hertz's ability to leverage funds more flexibly and could raise concerns among investors about its financial health, potentially affecting its stock price and overall market perception.
Sources
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