Hertz: got rid of 80% of its corporate debt in 2021 thanks ...

Hertz: $Hertz Global Holdings, Inc.(HTZZ.US)$ got rid of 80% of its corporate debt in 2021 thanks to being purchased by 2 investment firms.

Hertz was provided $5.9 billion in new equity capital by the company's new investor group, led by Knighthead Capital Management and Certares Opportunities. The two investment firms agreed in March to buy Hertz and take it out of bankruptcy.

Hertz said it has reduced corporate debt by nearly 80%, or nearly $5 billion. Hertz has also "significantly enhanced its liquidity to fund operations and future growth."

So they decide to buy 100k Tesla’s at full price??

100,000 x $60,000 = $6,000,000,000 (notice this is a low estimate, for the cheapest Tesla’s)

So they went straight back to the same debt level as before. The true number will be closer to, if not past,$10billion.