NYSE delists bankrupt area firm from stock exchange

Hertz Global Holdings now trades on the over-the-counter market, under the symbol HTZGQ.

By Business Observer Staff
| 2:42 p.m. November 1, 2020
| 0 Free Articles Remaining!

Charlotte–Lee–Collier

ESTERO — Troubled car rental giant Hertz Global Holdings had a good news-bad news situation at the end of last week.

To the good, on Oct. 29 the bankruptcy court overseeing Hertz’s May 22 Chapter 11 filing approved a $1.65 billion loan under a debtor-in-financing plan supported by the first-lien lenders. But on the same day, Oct. 29, the company was officially delisted from the New York Stock Exchange.