02785nam a22004931i 4500 000709124 CaToSAGE 20240202172917.0 20211207112242.7 m o d cr un||||||||| 211207s2021 enka fo 000 0 eng d NEZPRACOVANÝ IMPORT 9781529794854 (ebook) : No price (OCoLC)1289634015 CaToSAGE eng rda pn CaToSAGE UtOrBLW HG3761 .R67 2021 332.75 Rosenthal, Jean, active 2020, author. Hertz Global Holdings (B) : uses of debt and equity 2020 / Jean Rosenthal, K. Geert Rouwenhorst, Jacob Thomas, Allen Xu. London : Yale School of Management, 2021. 1 online resource : illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier SAGE Business cases Originally Published InRosenthal, J., Rouwenhorst, G., Thomas, J., & Xu, A. (2021). Hertz Global Holdings (B): Uses of Debt and Equity 2020. 20-031. New Haven, CT: Yale School of Management, Yale University. In 2019, Hertz held a successful rights offering and restructured some of its debt. CEO Kathyrn Marinello and CFO Jamere Jackson were moving the company toward what seemed to be sustainable profitability, having implemented major structural and financial reforms. Analysts predicted a rosy future. Travel, particularly corporate travel, was increasing as the economy grew. However, positive forecast trajectories turned abruptly with the COVID-19 pandemic. Car rental bookings and revenues plunged as travel, especially business travel, ground to a halt in the first quarter of 2020. Hertz's revenues plummeted and the company found it could not meet its debt payments. In response, Hertz sought protection from its creditors, filing for bankruptcy under Chapter 11.7. The case invites students to consider what options were left open to Hertz as revenues dried up and debt payments came due. Description based on XML content. elektronické knihy fd186907 czenas electronic books eczenas Business failures Case studies. Automobile leasing and renting Accounting Case studies. Bankruptcy Case studies. Rouwenhorst, K. Geert, author. Thomas, Jacob, author. Xu, Allen, author. SAGE Business cases. SAGE Knowledge https://sk.sagepub.com/cases/hertz-global-holdings-b-uses-of-debt-and-equity-2020 Plný text SBC EB NEPOSILAT EB