The latest announcement is out from Hertz Global (HTZ).
Hertz Global Holdings, Inc. is launching a $750 million debt offering, aiming to improve its financial position and drive future profitability. This strategic move focuses on refreshing the company’s vehicle fleet, aiming to lower depreciation costs and improve overall cost efficiency. Hertz anticipates these changes will boost revenue per day while reducing direct operating expenses. As part of its growth plan, Hertz is also targeting significant annual cost savings and streamlining operations, which includes selling off a portion of its electric vehicle fleet. These initiatives are designed to enhance liquidity and position Hertz more competitively in the market, although they come with the usual caveats of forward-looking statements and are subject to the successful implementation of the company’s strategies.
See more data about HTZ stock on TipRanks’ Stock Analysis page.
