Hertz looks to reject lease payments for cars in ABS master trust
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Hertz looks to reject lease payments for cars in ABS master trust

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Hertz filed a motion to reject the leases on approximately 30% of the rental fleet included in its securitization master trust, a move that would significantly cut costs for the bankrupt car rental company. If granted, the rejection would have repercussions for subordinated bond holders and set a precedent for future ABS bankruptcies, sources say.

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