Supreme Court Upholds $272 Million Bondholder Payout for Hertz.

Hertz Global Holdings has lost its bid to avoid $272 million in debt payments after the Supreme Court declined to review an appellate ruling that the car-rental company must fully compensate bondholders under its 2021 bankruptcy restructuring. A federal appeals court ruling last year put Hertz on the hook for the payments, citing its exit from bankruptcy as a solvent business that preserved over $1 billion in value for shareholders.