Hertz Global's Bid to Avoid $320 Million Bond Payment Rejected by US Supreme Court
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Hertz Global's attempt to avoid a $320 million bond payment was rejected by the US Supreme Court, which declined to review the case, upholding a lower court's ruling in favor of creditors. The company must pay make-whole premiums and post-petition interest exceeding $320 million. Hertz filed for bankruptcy in 2020 due to the pandemic's impact on car rental demand and returned to the public market in late 2021. The stock price is currently at $5.44, down 3.94%.
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