May 22, 2020 / 9:37 PM / in 13 days

Hertz preparing to file for bankruptcy as soon as Friday night- WSJ

May 22 (Reuters) - Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported on.wsj.com/2A4ONKs, citing people familiar with the matter.

The Estero, Florida-based company, which operates the Hertz, Dollar and Thrifty car-rental brands, had been holding talks with creditors after skipping significant car-lease payments due in April.

Forbearance and waiver agreements on the missed payments were set to expire on Friday. (Reporting by Arunima Kumar in Bengaluru; Editing by Aditya Soni)

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