Hertz Global Holdings, Inc. (OTCPK:HTZGQ) announced that, following the completion of the auction previously approved by the Court in its Chapter 11 case, Hertz has selected and approved a revised proposal from certain funds and accounts managed by affiliates of each of Knighthead Capital Management LLC , Certares Opportunities LLC and Apollo Capital Management, LP, together known as the KHCA Group, to provide the equity capital required to fund Hertz’s revised Plan of Reorganization and exit from Chapter 11.
Under the revised proposal, Hertz’s Chapter 11 plan will be funded through direct common stock investments from the KHCA Group and
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.