Hertz Receives Bankruptcy Court Approval for Plan of Reorganization

Hertz Global Holdings received bankruptcy court approval of its plan of reorganization. The plan unimpairs all classes of creditors and was approved by more than 97% of voting shareholders. The court’s approval clears the way for Hertz to emerge from Chapter 11 by the end of June.

June 11, 2021 FTI Consulting | Hertz Global Holdings | Moelis & Co | Paul Stone | White & Case Ian Koplin

Hertz Receives Revised Reorganization Proposal for Chapter 11 Exit

Hertz Global Holdings received a revised proposal from affiliates of Knighthead Capital Management, Certares Opportunities and Apollo Capital Management to provide equity capital required to fund Hertz’s exit from Chapter 11.

May 5, 2021 Apollo Capital Management | Certares Opportunities | FTI Consulting | Hertz Global Holdings | Knighthead Capital Management | Moelis & Co | White & Case Ian Koplin

Hertz Files Plan of Reorganization, Knighthead and Certares to Serve as Plan Sponsors

Hertz filed its proposed plan of reorganization and related disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. Knighthead Capital Management and Certares Opportunities will serve as the plan sponsors.

March 3, 2021 Certares Opportunities | FTI Consulting | Hertz | Knighthead Capital Management | Moelis & Co | Paul Stone | White & Case Phil Neuffer

Athene Provides ABS Short-Term Facility Totaling $4B for Hertz

Athene, an affiliate of Apollo Capital Management, committed to provide Hertz Global Holdings a $4 billion asset-backed securitization short-term facility.

November 6, 2020 Apollo Capital Management | Athene USA Corporation | FTI Consulting | Hertz Global Holdings | Moelis & Co | Paul Stone | White & Case Ellie Delany

Hertz Global Holdings Secures $1.65B Commitments in DIP Financing

Hertz secured commitments for debtor-in-possession financing totaling $1.65 billion. Moelis & Co. is serving as investment banker, while FTI Consulting is serving as Hertz’s financial advisor and White & Case is serving as legal advisor.

October 19, 2020 FTI Consulting | Hertz | Moelis & Co | Paul Stone | White & Case Ellie Delany

Moelis & Co Advises Crocs on $200MM Blackstone Investment

Reuters reported that Crocs said Blackstone Group is making a $200 million investment that will give the private equity firm a 13% stake in the company. Moelis & Co acted as financial advisor, and Perkins Coie provided legal counsel for Crocs.

January 2, 2014 Blackstone Group | Crocs | Moelis & Co ABF Journal