HTZ TL DD 1L USD & HTZ TL B1 1L USD

Hertz Global Holdings Inc.

Credit, Consumer, Industrial/Transportation


Presented:10/22/2020
Price:N/A
Cap:N/A
Current Price:$2.92
Cap:N/A

Presented

Date10/22/2020
PriceN/A
Market CapN/A
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/SN/A
Ave Daily VolN/A
Short IntN/A

Current

Price$2.92
Market CapN/A

Publicly traded companies mentioned herein: Avis Budget Group Inc (CAR), Hertz Global Holdings Inc (HTZ) 

Highlights

The presenter is long Hertz Global Holdings Inc’s first lien through HTZ TL DD 1L USD and HTZ TL B1 1L USD. The first lien currently trades at 95 and at the lows traded in the 70s. The unsecured bonds traded as low as the mid-teens and are now in the 40s. By owning the secureds, the presenter believes investors can achieve a high quality HSD% - LDD% IRR. 

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Idea Discussion

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