Vital role for private sector in financing climate resilience

The FINANCIAL — The warning could hardly have been starker: “Climate change is widespread, rapid, and intensifying, and some trends are now irreversible”, the Intergovernmental Panel on Climate Change (IPCC) said in its latest report published in August. It was a stark…

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Bankrupt car rental company Hertz secures $1.65 bln DIP financing

The FINANCIAL — Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has secured commitments for debtor-in-possession (“DIP”) financing totaling $1.65 billion and has filed a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware. Hertz President and…

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