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Hertz Proposes Franchise Sales, New Financing In Del. Ch. 11

By Jeff Montgomery ( September 23, 2020, 10:24 PM EDT) -- Saying it needed to justify its footprint and offload a vehicle leasing affiliate's debt, The Hertz Corp. asked the Delaware bankruptcy court late Tuesday to approve plans to sell dozens of franchise territories as well as an agreement to support a non-debtor affiliate's sale of up to $400 million in asset-backed securities....

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