Bankrupt Hertz runs out of gas with CLOs holding $245 million

By Michelle D'souza

CLOs hold $245 million of Hertz’ debt as the US-based car rental company drives into bankruptcy protection, with the coronavirus panedemic putting brakes on the Estero, Florida-headquartered's firm car rental operations

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TAGS: CLO Neuberger Berman Distressed debt Benefit Street Credit derivatives Leveraged loans Default Performance Barings North America First Avenue