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Hertz Global Holdings Takes Action To Strengthen Capital Structure Following Impact Of Global Coronavirus Crisis

Voluntarily Files for Chapter 11 ReorganizationAs an Essential Business, Hertz and Subsidiaries Around the World Remain Open with Same Award-Winning Service for Customers All Customer and Loyalty Programs Expected to Continue as Usual$1 Billion in Cash on Hand to Support Continuing Operations ESTERO, Fla., May 22, 2020 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" or the "Company") today announced it and certain of its U.S. and Canadian subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
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