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CAR - Avis Budget launches $350M senior notes offering
Avis Budget Group Inc.
Avis Budget's (CAR) wholly-owned subsidiaries, Avis Budget Car Rental and Avis Budget Finance, plan to offer $350M principal amount of senior notes due 2028 in a private offering.Net proceeds along with cash on hand to be used for redeeming all of the issuers' outstanding 6.375% senior notes due 2024.Shares trading 0.43% higher premarket