‘He kept asking me “When are you coming? We NEED you here”‘:… ‘We have this desire to reach Europe next year’: Carlo… Tottenham’s request to have 8,000 fans in stadium for… ‘Six years ago I had something good… I hope being here… ‘He kept asking me “When are you coming? We NEED you here”‘:… ‘We have this desire to reach Europe next year’: Carlo… Tottenham’s request to have 8,000 fans in stadium for… ‘Six years ago I had something good… I hope being here… The filing indicated the company has $1.4 billion of cash on hand, though revenue plunged 67% in the second quarter. If there’s a smidge of a silver lining, Hertz did say demand has slowly started to recover each month, but it’s nowhere near pre-COVID-19 levels. Still, the firm plans to offload another 182,000 cars in its rental fleet. According to the report, Hertz already sold off 100,000 cars as it reached a deal to forgo lease payments on the vehicles’ master lease to save money amid bankruptcy. According to a Bloomberg report on Tuesday, Hertz filed for debtor-in-possession financing, indicating choppy waters ahead. DIP financing comes from creditors who believe a company has a solid recovery […] read more