Avis budget group announces intention to offer $400 million of senior secured notes

Parsippany, n.j., may 04, 2020 (globe newswire) -- avis budget group, inc. (nasdaq: car) announced today that its wholly-owned subsidiaries, avis budget car rental, llc and avis budget finance, inc., intend, subject to market and other customary conditions, to offer $400 million aggregate principal amount of senior secured notes due 2025 in a private offering. the notes will be guaranteed by avis budget group, inc. and certain of its u.s. subsidiaries.
CAR Ratings Summary
CAR Quant Ranking