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Published on 9/29/2006 in the Prospect News High Yield Daily.

Avis Budget redeems all 6¼% notes due 2008, 6¼% notes due 2010, 7 3/8% notes, 7 1/8% notes

By Jennifer Chiou

New York, Sept. 29 - Avis Budget Group, Inc. redeemed all of its 6¼% senior notes due 2008, 6¼% senior notes due 2010, 7 3/8% senior notes due 2013 and 7 1/8% senior notes due 2015, according to an 8-K filing with the Securities and Exchange Commission.

The Parsippany, NJ, car rental business operator paid $67,076,130.81 for the notes, including accrued interest.


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