HTZ Stock Slides As Dilution, Debt And Legal Heat Mount
Hertz Global Holdings Inc. (HTZ) stock has fallen over 8.5% due to concerns about its post-bankruptcy turnaround, including dilution, debt, and legal issues. The company is raising $300-$350 million through exchangeable senior notes, which can convert to equity, and lending 37 million shares to J.P. Morgan, creating short pressure without fresh capital. A slump in used-car prices has also forced a cut in Q2 adjusted EBITDA guidance, leading to a significant drop in share price and prompting a securities fraud probe.






























