CAR - Avis Budget's subsidiary to raise Euro400M via debt offering
2023-07-05 06:37:28 ET
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Avis Budget ( NASDAQ: CAR ) notifies that its wholly-owned subsidiary, Avis Budget Finance intends to offer €400 million aggregate principal amount of senior unsecured notes due 2030.
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Net proceeds from the offering will be used to redeem all of the issuer’s outstanding 4.125% senior notes due 2024, and the remainder to be used for general corporate purposes.
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More on Avis Budget Group:
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Avis Budget's subsidiary to raise €400M via debt offering