Centerbridge Partners, Warburg Pincus, and Dundon Capital Partners to invest in Hertz Global.

Centerbridge Partners, a multi-strategy private investment firm, Warburg Pincus, a private equity firm, and Dundon Capital Partners, a private equity firm, agreed to invest in Hertz Global, a vehicle rental brand. Financial terms were not disclosed. "We are pleased to be moving forward with an enhanced proposal supported by our largest creditor constituency and that delivers excellent value to all our stakeholders. This plan accomplishes all the goals we set out to achieve through our financial restructuring. Our new sponsors combined with our strong leadership team will bring significant operational experience across fleet financing and management, which will benefit all of our stakeholders. We look forward to emerging from Chapter 11 in the second quarter financially and operationally stronger, and well-positioned to achieve the opportunities in the rebounding travel market," Paul Stone, Hertz President and CEO.