Avis Budget Group Inc.
Avis Budget Finance plc Issues €600 Million Senior Notes Due 2029
Summary
On February 28, 2024, Avis Budget Finance plc, a subsidiary of Avis Budget Group, Inc., issued €600 million aggregate principal amount of 7.00% Senior Notes due 2029. The notes will be used to redeem existing notes, cover fees and expenses, and for general corporate purposes. The notes are guaranteed by Avis Budget Group, Inc., and others, and include provisions for redemption under certain conditions. The indenture also includes covenants and events of default.
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Exhibits (1)
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About Avis Budget Group Inc.
Avis Budget Group Inc. is a prominent provider in the vehicle rental and car sharing industry, operating through its well-recognized brands including Avis, Budget, and Zipcar. Its primary function is to offer vehicle leasing services to a variety of customer segments, ranging from individual travelers to large corporate clients. Avis Budget Group significantly impacts the travel and tourism sector, providing essential rental solutions that enhance mobility and convenience for consumers globally. Headquartered in Parsippany, New Jersey, the company maintains a strong presence in over 180 countries, leveraging a comprehensive network that includes on-airport and off-airport locations. Avis Budget Group plays a critical role in the mobility industry, utilizing technology and innovation to streamline the rental experience, such as through mobile app interfaces and automated service offerings. Its strategic position in fleet management and vehicle sales further underscores its importance in the broader transportation market.
Official SEC Documents
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