Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Avis Budget Group, Inc. > News item |
Avis Budget to price €400 million senior notes due 2029
By Marisa Wong
Los Angeles, Feb. 20 – Avis Budget Group, Inc. announced that its wholly owned subsidiary, Avis Budget Finance plc, plans to offer €400 million of senior notes due 2029 (B1) in a private offering.
The Rule 144A and Regulation S notes will be guaranteed by Avis Budget Group and some of its U.S. subsidiaries, according to a press release.
The company intends to use the proceeds from the new notes to redeem all of its outstanding 4¾% senior notes due 2026, with the remainder to be used for general corporate purposes, which may include repayment of other debt.
The car rental company is based in Parsippany, N.J.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.