In re: THE HERTZ CORP., et al., Debtors.WELLS FARGO BANK, N.A., as INDENTURE TRUSTEE, Plaintiffs, -and- US BANK, as INDENTURE TRUSTEE, Intervenor-Plaintiff, v. THE HERTZ CORP., et al., Defendants., 2022 Bankr. LEXIS 3358

Summary

HOLDINGS: [1]-Where the court held that the requirement to pay the Redemption Price had been triggered for the Senior Notes due in 2026 and 2028, the Redemption Price on the Notes was unmatured interest and disallowed under 11 U.S.C.S. § 502 because all three components of the Redemption Price was the equivalent of unmatured interest; [2]-The court declined to reconsider its Memorandum Opinion to the extent it held that the Indenture Trustees were entitled to the federal judgment rate, rather than their contract rate, for post-petition interest they were entitled to receive on their claims because the decisions from other circuits cited by the Trustees did not rely on any argument that was not considered by the court in its decision.