Avis budget group announces intention to offer €200 million of senior notes

Parsippany, n.j., may 13, 2024 (globe newswire) -- avis budget group, inc. (nasdaq: car) (the “company”) announced today that its wholly-owned subsidiary, avis budget finance plc (the “issuer”), intends, subject to market and other customary conditions, to offer €200 million aggregate principal amount of additional 7.25% senior notes due 2030 (the “notes”) in a private offering. the notes will be issued as additional notes under the indenture, dated as of july 13, 2023, pursuant to which the issuer previously issued €400 million aggregate principal amount of 7.25% senior notes due 2030. the notes will be guaranteed on a senior unsecured basis by avis budget group, inc. and certain of its u.s. subsidiaries.
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