Avis budget group announces pricing of $600 million of senior notes

Parsippany, n.j., feb. 17, 2021 (globe newswire) -- avis budget group, inc. (nasdaq: car) (the “company”) announced today that its wholly-owned subsidiaries, avis budget car rental, llc and avis budget finance, inc. (together, the “issuers”) priced an offering of $600 million aggregate principal amount of 5.375% senior notes due 2029 (the “notes”) in a private offering. the notes will have a maturity date of march 1, 2029. the closing of the offering of the notes is expected to occur on march 1, 2021, subject to customary closing conditions. the notes will be issued at par and guaranteed on a senior unsecured basis by the company and certain of its u.s. subsidiaries.
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