New Issue: WTH Car Rental sells C$200 million 4.143% ABS notes due 2015 at par

By Cristal Cody

Prospect News, March 10 - WTH Car Rental ULC, a unit of rental car supplier Avis Budget Group Inc., priced C$200 million fixed-rate asset-backed notes due Sept. 21, 2015 at par to yield 4.179% on Thursday, a source said.

The notes carry a monthly coupon of 4.143% and priced with a spread of 177.2 basis points over the Government of Canada benchmark.

Scotia Capital Inc. and BMO Capital Markets Corp. were the lead managers. Deutsche Bank AG was a co-manager.

Issuer:	WTH Car Rental ULC,
Amount:	C$200 million
Maturity:	Sept. 21, 2015
Securities:	Asset-backed notes
Bookrunners:	Scotia Capital Inc., BMO Capital Markets Corp.
Co-manager:	Deutsche Bank AG
Coupon:	4.143%
Price:	Par
Yield:	4.179%
Spread:	177.2 bps over Government of Canada benchmark
Pricing date:	March 10
Distribution:	Canada

© 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.