Advantage Rent a Car is asking a bankruptcy judge to let it borrow another $20 million from Canadian private-equity firm Catalyst Capital Group Inc., which has already pumped $46 million into the car-rental chain, the Wall Street Journal reported today. If Bankruptcy Judge Edward Ellington of the U.S. Bankruptcy Court in Jackson, Miss., grants the request at a Feb. 12 hearing, it will allow Advantage to take on more debt to continue its operations. Advantage said in court documents filed on Wednesday that it will exhaust its current borrowing limit by Feb. 15.
