Avis budget group announces pricing of €400 million of senior notes

Parsippany, n.j., july 06, 2023 (globe newswire) -- avis budget group, inc. (nasdaq: car) (the “company”) announced today that its wholly-owned subsidiary, avis budget finance plc (the “issuer”) priced a private offering of €400 million aggregate principal amount of 7.25% senior notes due 2030 (the “notes”). the notes will have a maturity date of july 31, 2030. the closing of the offering of the notes is expected to occur on july 13, 2023, 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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