Hertz is aiming to bolster its balance sheet following an electric vehicles blunder, and is mulling the sale of at least $700M in secured debt as well as a convertible notes offering, Bloomberg’s Irene Garcia Perez, Gillian Tan, David Welch, and Reshmi Basu report, citing people with knowledge of the matter. The company’s advisers have started contacting possible investors regarding the secured debt issue, the authors say, noting that no final decisions have been made. Shares of Hertz are down 8% in afternoon trading.
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