How much incremental value creation will the buyout plan achieve?

Before buyout:

Hertz has $1B cash,

$10B of fleet assets,

$9B of debt ($8,454M existing debt + $600M ABS),

Cost of debt is 9%

After buyout:

Buyout values the entire company at $15, of which $12.5B will be debt and $2.3B equity money

The New company is structured into two legally separate entities: OpCo and FleetCo

OpCo will have $5.3B of debt at the interest cost of about 9%

FleetCo will have $7.2B of debt at the interest cost of L+70, which you can assume to be about 6%

Throughout you can use the followings as default assumptions: unlevered beta=1.5, risk-free rate=5%, market risk premium=5%