Weil Advised the Joint Lead Arrangers and Bookrunners in Arranging and Syndicating $2.8B in Permanent Financing for The Hertz Corporation’s Emergence from Chapter 11
Weil advised the joint lead arrangers and joint bookrunners in arranging and syndicating $2.8 billion in permanent financing for The Hertz Corporation’s emergence from chapter 11. The exit facilities included a $1.255 billion revolving credit facility, $1.3 billion term loan “B” facility and $245 million term loan “C” facility.
The Weil team that advised the joint lead arrangers and joint bookrunners was led by Banking & Finance partners Heather Viets and Justin D. Lee and Restructuring partner Candace Arthur. The team also included Banking & Finance associates Nick Nikic and Michael Denton; Restructuring associates Lauren Tauro and Christopher Martin; Tax partner Greg Featherman; and Real Estate associate Ilana Bier.
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