1 min read.Updated: 18 Nov 2021, 08:00 PM ISTALEXANDER SAEEDY, The Wall Street Journal
Hertz will sell debt to redeem preferred stock held by Apollo Global Management
Apollo Global Management Inc. is poised to mint a big return on a less-than-five-month investment in Hertz Global Holdings Inc.’s turnaround after the rental-car company said it would incur new debt to redeem preferred shares issued when it exited chapter 11.
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