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Avis Budget Subsidiaries Prices Private Offering Of $700M Of 8.250% Senior Notes Due 2030

Author: Benzinga Newsdesk | September 10, 2024 05:24pm

This represents a $200 million increase from the previously announced size of the offering. The Notes will have a maturity date of January 15, 2030. The closing of the offering of the Notes is expected to occur on September 13, 2024, subject to customary closing conditions. The Notes will be issued at par and guaranteed on a senior unsecured basis by the Company and certain of its U.S. subsidiaries.

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