Helping Hertz Get Its Wheels Back in Motion

FTI Consulting supported Hertz’s successful domestic and international restructuring activities after they filed for Chapter 11 bankruptcy, assisting in areas ranging from liquidity management to oversight of matters related to vendors and suppliers.

Our Impact

  • FTI Consulting’s global support with restructuring planning and implementation helped Hertz complete its Chapter 11 restructuring process and emerge financially and operationally stronger.
  • FTI Consulting helped Hertz successfully de-fleet 200,000 vehicles and negotiate key aspects of its capital structure, including $1.7 billion in funds for general corporate purposes.
  • Hertz’s roughly $875 million sale of its Donlen subsidiary drew upon FTI Consulting’s quality-of-earnings report.

Our Role

  • FTI Consulting helped develop Hertz’s Chapter 11 plan and supported its domestic and international restructuring activities.
  • FTI Consulting experts provided global assistance, including managing diligence activities and communications with financial and legal advisors.
  • The team’s support included providing temporary senior-level accounting and communications resources during the restructuring process.

Related Case Studies

Related Information

Published

May 20, 2024

temp Key Contacts

Michael Buenzow

Senior Managing Director, Vice Chairman of Restructuring

Gina Gutzeit

Senior Managing Director, Global Leader of OCFO Solutions

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