Hertz International Holdings Inc. is discussing choices with banks to boost money because the rental-car firm seeks to climate a worldwide slowdown in journey, in line with individuals with data of the matter.

Among the many choices being mentioned by the corporate and banks led by Barclays Plc are a first-lien mortgage, second-lien financing or collateralizing the corporates car fleet. Hertz has additionally requested the U.S. Treasury Division for a mortgage.

Whereas no choices have been made, the corporate, lenders and potential traders have mentioned a first-lien mortgage of as a lot as a number of hundred million {dollars} at a yield of about 12 p.c, stated one of many individuals, who requested to not be recognized as a result of the talks are personal.

The Estero, Fla.,-based firm is searching for to shore up its steadiness sheet after the coronavirus pandemic induced governments world wide to halt journey and to instruct their residents to remain at house.

A consultant for Hertz didnt reply to a request for remark, whereas a...