Avis Budget Group Inc.
Avis Budget Finance plc Issues €200 Million Senior Notes
Summary
On May 21, 2024, Avis Budget Finance plc, a wholly-owned subsidiary of Avis Budget Group, Inc., issued €200 million aggregate principal amount of 7.25% Senior Notes due 2030. The notes, guaranteed by Avis Budget Group, Inc. and its subsidiaries, will be used for general corporate purposes, including repayment of indebtedness and related fees. The notes bear interest at a rate of 7.25% per annum and are subject to certain redemption and repurchase provisions.
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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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