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Hertz HTZ

Hertz forms joint venture with investors

Item 1.01 Enters material agreement, Item 7.01 Investor disclosure

Form
8-K
Filed
Importance
Major
  1. JV Investors purchased 50% of voting units in Oro for $80.89M
  2. Hertz repurchased $51.1M in notes at 60% discount
  3. Oro received $60.03M in cash and assets from Hertz
  4. Services Agreement includes 12-month IT transition and royalty-bearing trademark license

Written from the 8-K on EDGAR. Check the filing before you rely on it.

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