HERTZ, AVIS, EUROPCAR: i loro e nostri guai (1 Viewer)

waltermasoni

Caribbean Trader
Non vorrei fare il guastafeste ma era chiaro gia’ da novembre che gli unsecured avrebbero avuto 0 di recovery
Qua standard and Poor’s

Hertz Corp.'s $750 Million Senior Unsecured Notes Due 2028 Rated 'B-' (Recovery: '6'); Second-Lien Notes Rating Raised
14-Nov-2019 11:50 EST
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NEW YORK (S&P Global Ratings) Nov. 14, 2019--S&P Global Ratings today assigned its 'B-' issue-level rating and '6' recovery rating to Hertz Corp.'s proposed $750 million senior unsecured notes due 2028. Hertz Corp. is a subsidiary of Hertz Global Holdings Inc. The '6' recovery rating indicates our expectation that lenders would receive negligible (0%-10%; rounded estimate: 0%) recovery of their principal in the event of a payment default. The company will use the proceeds from these notes to redeem a similar amount of its senior secured second-priority notes due 2022.

Because of this, we are raising our issue-level rating on Hertz's second-lien notes to 'BB-' from 'B+'. The '2' recovery rating is raised from '4', indicating our expectation that lenders would receive substantial (70%-90%; rounded estimate: 75%) recovery in the event of a payment default.
 

qquebec

Super Moderator
By the end of March, Hertz Global Holdings Inc. had racked up more than $24 billion in debt, according to the bankruptcy filing, with only $1 billion of available cash.

Under a Chapter 11 restructuring, creditors will have to settle for less than full repayment. Its biggest creditors are banks, but the filing lists IBM, Lyft, United and Southwest Airlines as others owed between $6 million and $23 million each.
 

Alfonso300

Nuovo forumer
Perdonatemi , perchè tutta questa sicurezza sul Recovey 0% , io ho qualcosa di questa USU42804AQ45 @65
THE HERTZ CORPORATION 7.625% CALLABLE 01.06.2022 USD ("7.625% Senior Secured Second Priority
Notes Due 2022")
Va Bene Second Priority , ma è garantita da parco auto e societa sussidiarie fino al 65% addirittura mi pare di aver letto dalla proprietà intellettuale e da immobili ....

Se mi volete dare una vostra opinione vi ringrazio fin d'ora
 

waltermasoni

Caribbean Trader
Perdonatemi , perchè tutta questa sicurezza sul Recovey 0% , io ho qualcosa di questa USU42804AQ45 @65
THE HERTZ CORPORATION 7.625% CALLABLE 01.06.2022 USD ("7.625% Senior Secured Second Priority
Notes Due 2022")
Va Bene Second Priority , ma è garantita da parco auto e societa sussidiarie fino al 65% addirittura mi pare di aver letto dalla proprietà intellettuale e da immobili ....

Se mi volete dare una vostra opinione vi ringrazio fin d'ora

si parlava di non secured
Sulle secured s&p:

Because of this, we are raising our issue-level rating on Hertz's second-lien notes to 'BB-' from 'B+'. The '2' recovery rating is raised from '4', indicating our expectation that lenders would receive substantial (70%-90%; rounded estimate: 75%) recovery in the event of a payment default.
 

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