Hertz exploring options to raise financing, Bloomberg News reports

(Reuters) — Hertz Global is exploring options to raise financing, weeks after its new CEO pledged to get the company back on track following a failed bet on electric vehicles, Bloomberg News reported, citing people with knowledge of the matter.

Shares of the car rental company were up 4.1% after the bell. They had hit a record low in April after the company reported a bigger-than-expected quarterly loss.

Hertz is working with financial advisers as it weighs its options, the report said.

The company did not immediately respond to a Reuters request for comment.

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