Hertz paid everyone in full because it turned out they weren...

$Hertz Global Holdings, Inc.(HTZZ.US)$ Hertz paid everyone in full because it turned out they weren't really bankrupt at all, so it wasnt really a restructuring of debt. They filed because the market for used cars crashed at the beginning of Covid, so they got margin called on their credit lines (secured by their rental cars). However, the used car market then spiked to all time highs, so the margin calls went away and they were able to go back to business as usual. Hertz usually buys around 500,000 cars a year. They just are moving their purchases from other brands to Tesla.