Simply Wheelz LLC d/b/a Advantage Rent-A-Car

  1. April 04, 2014

    Advantage Seeks Green Light For $100M Bankruptcy Loan

    Advantage Rent a Car on Thursday asked a Mississippi bankruptcy court to allow it to take out $100 million in two separate loans — including one from a private equity firm planning to take over the company — in order to finance vehicles over the next three months while the company continues its bankruptcy proceedings.

  2. January 03, 2014

    PE Firm's Stalking Horse Bid OK'd For Car Rental Co.

    A Mississippi bankruptcy court signed off Thursday on The Catalyst Capital Group Inc.'s stalking horse bid for Advantage Rent-A-Car, calling to close a tumultuous Chapter 11 process launched by the rental car service after a lease agreement with Hertz Global Holdings Inc. went sour.

  3. December 11, 2013

    Advantage Rent A Car, Hertz Settle Lease Deal Dispute

    Bankrupt Advantage Rent a Car has agreed to settle a dispute with former parent company Hertz Global Holdings Inc. over a terminated lease deal for rental vehicles, clearing the way for Advantage to sell its assets to Canadian private equity firm Catalyst Capital Group Inc., according to court documents released Tuesday. 

  4. December 04, 2013

    Advantage Rent A Car's $36M Bankruptcy Loan Approved

    A Mississippi bankruptcy judge on Tuesday granted final approval for Advantage Rent A Car to secure a $36 million loan from Catalyst Capital Group Inc., which plans to buy the bankrupt rent-a-car company at a Dec. 9 auction.

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