Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy_老虎社区_美港股上老虎

Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy

WSJ2021-07-02

Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

Thisis_jw
·2021-07-02
👍🏻
回复
点赞
举报
Jetblackeyes
·2021-07-02
Pls like and comment @yvneyng
回复
3
举报
收起
- Jetblackeyes:
  Ty
  2021-07-04
  回复
  举报
- Wandakdash:
  Song y y
  2021-07-02
  回复
  举报
- yvneyng:
  Ok
  2021-07-02
  回复
  举报
jjng
·2021-07-02
go
回复
点赞
举报
收起
- Jetblackeyes:
  Nice
  2021-07-02
  回复
  举报
Pigmonkey
·2021-07-02
Like pls
回复
3
举报
收起
- Shiokshiok:
  Ok
  2021-07-02
  回复
  举报
66024528
·2021-07-02
Gogogo
回复
5
举报
AurulentL
·2021-07-02
Like and comment pls
回复
4
举报
收起
- Huathk:
  Gd
  2021-07-02
  回复
  举报
WarenKong
·2021-07-02
Like and comment
回复
3
举报
收起
- Huathk:
  Gd
  2021-07-02
  回复
  举报
ac1887
·2021-07-02
Good.
回复
5
举报
收起
- Gibbie:
  [财迷] [财迷] [财迷]
  2021-07-02
  回复
  举报
- AurulentL:
  Ok
  2021-07-02
  回复
  举报

热议股票

7x24

全部

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1156965598?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-07-02 13:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1156965598","market":"us","top_or_hot":-1,"title":"Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy","media":"WSJ","content":"<div>\nHertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million ...\n\n<a href=\"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4\">网页链接</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 13:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4>WSJ</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nHertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million ...\n\n<a href=\"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4","article_id":"1156965598","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156965598","pubTimestamp":1625205255,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car c","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"赫兹破产后面临波动交易，债券持有人诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HTZGQ":0.9},"content_text":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.\nHertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.\nThursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.\nThe bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.\nThe lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.\nHertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.\nThe bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.\nThe bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.\nBondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.\nThe bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.\nIf the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.\nHertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.\nThe shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.\nShortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.\nIndividual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.\nFor now, Hertz shares will continue to trade over the counter.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":156888075,"gmtCreate":1625210813397,"gmtModify":1633942504218,"author":{"id":"3576139763883008","authorId":"3576139763883008","name":"Thisis_jw","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576139763883008","authorIdStr":"3576139763883008"},"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156888075","repostId":1156965598,"repostType":4,"repost":{"id":"1156965598","kind":"news","pubTimestamp":1625205255,"share":"https://www.laohu8.com/m/news/1156965598?lang=zh_CN&edition=full","pubTime":"2021-07-02 13:54","market":"us","language":"en","title":"Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156965598","media":"WSJ","summary":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car c","content":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nWSJ2021-07-02 13:54\n\n</h4>\n</header>\n<article>\nHertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4\">WSJ</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156965598","content_text":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.\nHertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.\nThursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.\nThe bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.\nThe lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.\nHertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.\nThe bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.\nThe bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.\nBondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.\nThe bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.\nIf the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.\nHertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.\nThe shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.\nShortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.\nIndividual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.\nFor now, Hertz shares will continue to trade over the counter.","news_type":1,"symbols_score_info":{"HTZGQ":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":156814048,"gmtCreate":1625210171584,"gmtModify":1631890129122,"author":{"id":"3584322535335724","authorId":"3584322535335724","name":"Jetblackeyes","avatar":"https://static.tigerbbs.com/227c87d3e8eaa258f98f85885dd9173d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3584322535335724","authorIdStr":"3584322535335724"},"htmlText":"Pls like and comment <a href=\"https://laohu8.com/U/3585192718156791\">@yvneyng</a>","listText":"Pls like and comment <a href=\"https://laohu8.com/U/3585192718156791\">@yvneyng</a>","text":"Pls like and comment @yvneyng","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/156814048","repostId":1156965598,"repostType":4,"repost":{"id":"1156965598","kind":"news","pubTimestamp":1625205255,"share":"https://www.laohu8.com/m/news/1156965598?lang=zh_CN&edition=full","pubTime":"2021-07-02 13:54","market":"us","language":"en","title":"Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156965598","media":"WSJ","summary":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car c","content":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nWSJ2021-07-02 13:54\n\n</h4>\n</header>\n<article>\nHertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4\">WSJ</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156965598","content_text":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.\nHertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.\nThursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.\nThe bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.\nThe lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.\nHertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.\nThe bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.\nThe bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.\nBondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.\nThe bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.\nIf the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.\nHertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.\nThe shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.\nShortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.\nIndividual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.\nFor now, Hertz shares will continue to trade over the counter.","news_type":1,"symbols_score_info":{"HTZGQ":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5114911,"gmtCreate":1625359043762,"gmtModify":1631890129146,"authorId":3584322535335724,"author":{"id":3584322535335724,"idStr":"3584322535335724","authorId":3584322535335724,"name":"Jetblackeyes","avatar":"https://static.tigerbbs.com/227c87d3e8eaa258f98f85885dd9173d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156814048,"type":1,"supId":0,"prevId":0,"content":"Ty","text":"Ty","html":"Ty"},{"id":5102672,"gmtCreate":1625228328173,"gmtModify":1631890129135,"authorId":3558569595001242,"author":{"id":3558569595001242,"idStr":"3558569595001242","authorId":3558569595001242,"name":"Wandakdash","avatar":"https://static.tigerbbs.com/211ec3a66712c46a80ca45e20dbbd8a4","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156814048,"type":1,"supId":0,"prevId":0,"content":"Song y y ","text":"Song y y ","html":"Song y y "},{"id":5100854,"gmtCreate":1625213754145,"gmtModify":1631890129124,"authorId":3585192718156791,"author":{"id":3585192718156791,"idStr":"3585192718156791","authorId":3585192718156791,"name":"yvneyng","avatar":"https://static.tigerbbs.com/76e9d3dda84e38df5f92fb2edf5f1be0","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156814048,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":156890312,"gmtCreate":1625207775136,"gmtModify":1631885069889,"author":{"id":"3581911536517176","authorId":"3581911536517176","name":"jjng","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3581911536517176","authorIdStr":"3581911536517176"},"htmlText":"go","listText":"go","text":"go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/156890312","repostId":1156965598,"repostType":4,"repost":{"id":"1156965598","kind":"news","pubTimestamp":1625205255,"share":"https://www.laohu8.com/m/news/1156965598?lang=zh_CN&edition=full","pubTime":"2021-07-02 13:54","market":"us","language":"en","title":"Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156965598","media":"WSJ","summary":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car c","content":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nWSJ2021-07-02 13:54\n\n</h4>\n</header>\n<article>\nHertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4\">WSJ</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156965598","content_text":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.\nHertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.\nThursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.\nThe bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.\nThe lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.\nHertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.\nThe bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.\nThe bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.\nBondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.\nThe bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.\nIf the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.\nHertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.\nThe shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.\nShortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.\nIndividual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.\nFor now, Hertz shares will continue to trade over the counter.","news_type":1,"symbols_score_info":{"HTZGQ":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5100553,"gmtCreate":1625210204141,"gmtModify":1631885069890,"authorId":3584322535335724,"author":{"id":3584322535335724,"idStr":"3584322535335724","authorId":3584322535335724,"name":"Jetblackeyes","avatar":"https://static.tigerbbs.com/227c87d3e8eaa258f98f85885dd9173d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156890312,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":156803453,"gmtCreate":1625207016572,"gmtModify":1633942532091,"author":{"id":"3568071651427696","authorId":"3568071651427696","name":"Pigmonkey","avatar":"https://static.tigerbbs.com/3402225c0172781df7553e20722ebad7","vip":1,"crmLevel":13,"crmLevelSwitch":0,"idStr":"3568071651427696","authorIdStr":"3568071651427696"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/156803453","repostId":1156965598,"repostType":4,"repost":{"id":"1156965598","kind":"news","pubTimestamp":1625205255,"share":"https://www.laohu8.com/m/news/1156965598?lang=zh_CN&edition=full","pubTime":"2021-07-02 13:54","market":"us","language":"en","title":"Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156965598","media":"WSJ","summary":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car c","content":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nWSJ2021-07-02 13:54\n\n</h4>\n</header>\n<article>\nHertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4\">WSJ</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156965598","content_text":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.\nHertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.\nThursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.\nThe bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.\nThe lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.\nHertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.\nThe bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.\nThe bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.\nBondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.\nThe bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.\nIf the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.\nHertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.\nThe shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.\nShortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.\nIndividual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.\nFor now, Hertz shares will continue to trade over the counter.","news_type":1,"symbols_score_info":{"HTZGQ":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5100248,"gmtCreate":1625207106753,"gmtModify":1635239031085,"authorId":3582889572993413,"author":{"id":3582889572993413,"idStr":"3582889572993413","authorId":3582889572993413,"name":"Shiokshiok","avatar":"https://static.tigerbbs.com/7ee785e2c502bddc7efed111524c7bb4","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156803453,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":156177131,"gmtCreate":1625206635923,"gmtModify":1633942533821,"author":{"id":"3574683609691072","authorId":"3574683609691072","name":"66024528","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574683609691072","authorIdStr":"3574683609691072"},"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156177131","repostId":1156965598,"repostType":4,"repost":{"id":"1156965598","kind":"news","pubTimestamp":1625205255,"share":"https://www.laohu8.com/m/news/1156965598?lang=zh_CN&edition=full","pubTime":"2021-07-02 13:54","market":"us","language":"en","title":"Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156965598","media":"WSJ","summary":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car c","content":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nWSJ2021-07-02 13:54\n\n</h4>\n</header>\n<article>\nHertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4\">WSJ</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156965598","content_text":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.\nHertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.\nThursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.\nThe bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.\nThe lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.\nHertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.\nThe bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.\nThe bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.\nBondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.\nThe bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.\nIf the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.\nHertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.\nThe shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.\nShortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.\nIndividual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.\nFor now, Hertz shares will continue to trade over the counter.","news_type":1,"symbols_score_info":{"HTZGQ":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":156174165,"gmtCreate":1625206593557,"gmtModify":1633942534303,"author":{"id":"3581585314538349","authorId":"3581585314538349","name":"AurulentL","avatar":"https://static.tigerbbs.com/4868228f6b994364c7acca908458c7ec","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3581585314538349","authorIdStr":"3581585314538349"},"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/156174165","repostId":1156965598,"repostType":4,"repost":{"id":"1156965598","kind":"news","pubTimestamp":1625205255,"share":"https://www.laohu8.com/m/news/1156965598?lang=zh_CN&edition=full","pubTime":"2021-07-02 13:54","market":"us","language":"en","title":"Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156965598","media":"WSJ","summary":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car c","content":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nWSJ2021-07-02 13:54\n\n</h4>\n</header>\n<article>\nHertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4\">WSJ</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156965598","content_text":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.\nHertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.\nThursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.\nThe bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.\nThe lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.\nHertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.\nThe bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.\nThe bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.\nBondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.\nThe bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.\nIf the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.\nHertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.\nThe shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.\nShortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.\nIndividual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.\nFor now, Hertz shares will continue to trade over the counter.","news_type":1,"symbols_score_info":{"HTZGQ":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5100483,"gmtCreate":1625209480124,"gmtModify":1635239011322,"authorId":3573472992263411,"author":{"id":3573472992263411,"idStr":"3573472992263411","authorId":3573472992263411,"name":"Huathk","avatar":"https://static.tigerbbs.com/43c7168c646d9ea6805194ed0003f1cc","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156174165,"type":1,"supId":0,"prevId":0,"content":"Gd","text":"Gd","html":"Gd"}],"langContent":"EN"},{"id":156172438,"gmtCreate":1625206457524,"gmtModify":1633942535229,"author":{"id":"4088169240998280","authorId":"4088169240998280","name":"WarenKong","avatar":"https://static.tigerbbs.com/5055a79d76db4aeb24a509efb6b3d1db","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"4088169240998280","authorIdStr":"4088169240998280"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/156172438","repostId":1156965598,"repostType":4,"repost":{"id":"1156965598","kind":"news","pubTimestamp":1625205255,"share":"https://www.laohu8.com/m/news/1156965598?lang=zh_CN&edition=full","pubTime":"2021-07-02 13:54","market":"us","language":"en","title":"Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156965598","media":"WSJ","summary":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car c","content":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nWSJ2021-07-02 13:54\n\n</h4>\n</header>\n<article>\nHertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4\">WSJ</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156965598","content_text":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.\nHertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.\nThursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.\nThe bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.\nThe lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.\nHertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.\nThe bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.\nThe bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.\nBondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.\nThe bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.\nIf the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.\nHertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.\nThe shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.\nShortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.\nIndividual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.\nFor now, Hertz shares will continue to trade over the counter.","news_type":1,"symbols_score_info":{"HTZGQ":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5100485,"gmtCreate":1625209489828,"gmtModify":1635239011074,"authorId":3573472992263411,"author":{"id":3573472992263411,"idStr":"3573472992263411","authorId":3573472992263411,"name":"Huathk","avatar":"https://static.tigerbbs.com/43c7168c646d9ea6805194ed0003f1cc","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156172438,"type":1,"supId":0,"prevId":0,"content":"Gd","text":"Gd","html":"Gd"}],"langContent":"EN"},{"id":156173113,"gmtCreate":1625206134932,"gmtModify":1633942537565,"author":{"id":"3585352116267703","authorId":"3585352116267703","name":"ac1887","avatar":"https://static.tigerbbs.com/a4f5865f79452e7da123e88ff35959e5","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3585352116267703","authorIdStr":"3585352116267703"},"htmlText":"Good.&nbsp;","listText":"Good.&nbsp;","text":"Good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/156173113","repostId":1156965598,"repostType":4,"repost":{"id":"1156965598","kind":"news","pubTimestamp":1625205255,"share":"https://www.laohu8.com/m/news/1156965598?lang=zh_CN&edition=full","pubTime":"2021-07-02 13:54","market":"us","language":"en","title":"Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156965598","media":"WSJ","summary":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car c","content":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Faces Volatile Trading, Bondholder Lawsuit After Leaving Bankruptcy<blockquote>赫兹脱离破产后面临交易波动和债券持有人诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nWSJ2021-07-02 13:54\n\n</h4>\n</header>\n<article>\nHertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.<blockquote>赫兹全球控股公司(Hertz Global Holdings Inc.)正式摆脱破产后，该公司股价在场外市场大幅波动，并迅速被债券持有人起诉，要求支付2.72亿美元的溢价。</blockquote> Hertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.<blockquote>赫兹股价周四恢复交易，新股票代码为HTZZ，开盘价格约为22美元，随后攀升至33.80美元。他们在交易的前半小时内抹去了大部分涨幅，并在下午交易中突破了每股26美元。</blockquote> Thursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.<blockquote>周四的交易行动标志着赫兹的最新一轮波动，该股票曾被称为经常光顾Reddit的WallStreetBets等在线论坛的个人投资者的宠儿。赫兹周三离开了美国破产法第11章，摆脱了法庭保护并任命了新董事。</blockquote> The bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.<blockquote>使赫兹摆脱美国破产法第11章的破产协议为股东提供了可观的现金、股票和认股权证。一些债券持有人在破产配股中购买了股权，成为重组业务的部分所有者。其他人周三没有向法庭提交文件，要求支付他们所说的到期保费。</blockquote> The lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.<blockquote>富国银行NA代表其所代表的债券持有人提起的诉讼称，赫兹欠下全额付款保费，根据某些借款安排，当债券在到期日之前到期时，必须支付这些保费。当债务被赎回或再融资时，可以触发整体条款，要求债权人获得本来会收到的利息补偿。</blockquote> Hertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.<blockquote>诉状称，赫兹对任何整体都是到期的表示异议。该公司没有回应置评请求。</blockquote> The bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.<blockquote>债券持有人表示，当赫兹脱离破产时，股东获得了大约10亿美元的价值，拒绝向他们支付溢价是不公平的。股东派息是激烈竞购战的结果，这场竞购战推高了赫兹的价值，足以全额偿还债务并恢复股本，这在企业破产案中是罕见的。</blockquote> The bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.<blockquote>债券持有人曾与一家私募股权集团合作，试图控制赫兹，但输给了投资者Knighthead Capital Management LLC和Certares Management LLC以及共同投资者，后者持有该公司的多数股权。</blockquote> Bondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.<blockquote>欠债约8.33亿美元的债券持有人在选择参与股权发行时同意放弃寻求整体溢价的权利。周三，另外18.67亿美元债券的持有人偿还了本金，现在也在寻求收取溢价。</blockquote> The bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.<blockquote>这些债券分为四批，分别于2022年、2024年、2026年和2028年到期，并在到期前提前兑现。</blockquote> If the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.<blockquote>如果溢价支付未在法庭上获得批准，债券持有人要求支付自赫兹2020年5月破产申请以来的1.28亿美元利息。诉状称，赫兹还对请愿后的利益主张提出异议。</blockquote> Hertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.<blockquote>赫兹在经历了长达数月的急剧下跌，股价接近于零后，于10月份从纽约证券交易所退市。尽管该公司的股价在年底前设法在场外交易市场上收复了一些失地，但在赫兹公布了一项将抹去股权的重组提案后，该公司的股价在3月份暴跌，再次跌至零。对于第11章的公司来说是典型的。</blockquote> The shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.<blockquote>该股当时的股票代码为HTZGQ，在3月4日的盘中交易中跌至41美分，创下今年的最低点。</blockquote> Shortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.<blockquote>然而，不久之后，由于Covid-19大流行显示出减弱的迹象，消费者渴望恢复旅行，赫兹实现了惊人的复苏。在投资公司之间的竞争推高了赫兹的价值，使该股的收盘价在6月底突破了8美元大关后，该公司突然能够偿还债务，并为股东留下了大量资金。</blockquote> Individual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.<blockquote>去年，个人投资者因涌入一家陷入困境的公司而受到华尔街资深人士的嘲笑，但当赫兹退出破产时，他们得到了回报。</blockquote> For now, Hertz shares will continue to trade over the counter.<blockquote>目前，赫兹股票将继续在场外交易。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4\">WSJ</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/hertz-faces-volatile-trading-bondholder-lawsuit-after-leaving-bankruptcy-11625167888?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156965598","content_text":"Hertz Global Holdings Inc. shares swung wildly in the over-the-counter market after the rental-car company formally emerged from bankruptcy and was swiftly sued by bondholders demanding $272 million in premium payments.\nHertz shares resumed trading Thursday under a new ticker, HTZZ, beginning the session at around $22 before climbing as high as $33.80. They erased most of those gains within the first half-hour of trading and were above $26 a share in afternoon trading.\nThursday’s trading action marks the latest bout of volatility for Hertz, a stock once known as a darling among individual investors who frequented online forums like Reddit’s WallStreetBets. Hertz left chapter 11 on Wednesday, emerging from court protection andnaming new directors.\nThe bankruptcy deal that lifted Hertz out of chapter 11 supplied shareholders with a handsome payout of cash, shares and warrants. Some bondholders bought equity in a bankruptcy rights offering, becoming part-owners of the restructured business. Others that didn’t filed court papers Wednesday demanding premium payments they said they were due.\nThe lawsuit, filed by Wells Fargo Bank NA on behalf of bondholders it represents, said that Hertz owes make-whole payments—premiums that must be paid under some borrowing arrangements when bonds are retired before their maturity date. Make-whole provisions can be triggered when debt is redeemed or refinanced, requiring that creditors be compensated for the interest they would otherwise have received.\nHertz disputes that any make-whole is due, according to the complaint. The company didn’t respond to a request for comment.\nThe bondholders said it wouldn’t be fair to deny them premium payments when shareholders received roughly $1 billion in value when Hertz left bankruptcy. The shareholder payout was the result of an intense bidding war that drove up Hertz’s value enough to cover its debts in full andsupply a recovery to equity, a rarity in corporate bankruptcies.\nThe bondholders had teamed up with a private-equity group to try to take control of Hertz but lost out to investors Knighthead Capital Management LLC and Certares Management LLC, which took a majority stake in the company, along with co-investors.\nBondholders owed roughly $833 million agreed to waive their rights to seek make-whole premiums when they opted to participate in the equity rights offering. Holders of a further $1.867 billion in bonds instead had their principal repaid on Wednesday, and are now seeking to also collect the premium payments.\nThe bonds are in four tranches that mature in 2022, 2024, 2026 and 2028, and were cashed out well before their maturities.\nIf the premium payments aren’t approved in court, the bondholders asked, as an alternative, to be paid $128 million in interest dating to Hertz’sMay 2020 bankruptcy petition. Hertz also disputes the post-petition interest claim, according to the complaint.\nHertz was delisted from the New York Stock Exchange in October following a precipitous, monthslong decline that took its stock price near zero. Although the company’s shares managed to regain some ground in the over-the-counter market through the end of the year, they plummeted in March, heading toward zero again, after Hertz unveiled a restructuring proposal that would have wiped out equity, as is typical for companies in chapter 11.\nThe shares, which at the time traded under the ticker HTZGQ, fell as low as 41 cents in intraday trading March 4, marking their low point this year.\nShortly afterward, however, Hertz mounted an astounding recovery, buoyed by consumers’ eagerness to resume travel as the Covid-19 pandemic showed signs of waning. After competition between investment firms drove up Hertz’s value, sending the stock’s closing price past the $8 mark by the end of June, the company suddenly was able to cover its debts and leave plenty left over for shareholders.\nIndividual investors, derided by Wall Street veterans last year for piling into a distressed company, were rewarded when Hertz exited bankruptcy.\nFor now, Hertz shares will continue to trade over the counter.","news_type":1,"symbols_score_info":{"HTZGQ":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5100172,"gmtCreate":1625206245558,"gmtModify":1635239037258,"authorId":3564398446314499,"author":{"id":3564398446314499,"idStr":"3564398446314499","authorId":3564398446314499,"name":"Gibbie","avatar":"https://static.tigerbbs.com/ac29ad2a0a11289a908ae00b770dc0c5","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156173113,"type":1,"supId":0,"prevId":0,"content":"[财迷] [财迷] [财迷]","text":"[财迷] [财迷] [财迷]","html":"[财迷] [财迷] [财迷]"},{"id":5100205,"gmtCreate":1625206605571,"gmtModify":1635239034516,"authorId":3581585314538349,"author":{"id":3581585314538349,"idStr":"3581585314538349","authorId":3581585314538349,"name":"AurulentL","avatar":"https://static.tigerbbs.com/4868228f6b994364c7acca908458c7ec","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156173113,"type":1,"supId":5100172,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":56,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}