Avis Budget Group Inc. Announces Issuance of $600 Million in Senior Notes With 8.375% Interest for Debt Repayment and Corporate Purposes

Reuters

2025/05/20

Avis Budget Group Inc. Announces Issuance of $600 Million in Senior Notes With 8.375% Interest for Debt Repayment and Corporate Purposes

Avis Budget Group Inc. has announced the issuance of $600 million in 8.375% Senior Notes due 2032, through its subsidiaries Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. The proceeds from this issuance are intended for general corporate purposes, including the repayment of existing debts such as the floating rate term loan A maturing in December 2025, a portion of its outstanding fleet debt, and part of its 5.750% Senior Notes due 2027. The Notes, which mature on June 15, 2032, will accrue interest from May 19, 2025, with semi-annual payments starting December 15, 2025. Additionally, the Notes can be redeemed partially or in full before June 15, 2028, under specific conditions. This move is part of Avis Budget's broader financial strategy to manage its debt portfolio efficiently.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avis Budget Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950142-25-001422), on May 19, 2025, and is solely responsible for the information contained therein.

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Announces Issuance of $600 Million in Senior Notes With 8.375% Interest for Debt Repayment and Corporate Purposes\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-20 04:17</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Avis Budget Group Inc. 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ID: 0000950142-25-001422), on May 19, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4230","symbol_name":"旅客陸運","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250519:nNDLbwdBbt:1","article_id":"2536637473","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536637473","pubTimestamp":1747685834,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Avis Budget Group Inc. 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The proceeds from this issuance are intended for general corporate purposes, including the repayment of existing debts such as the floating rate term loan A maturing in December 2025, a portion of its outstanding fleet debt, and part of its 5.750% Senior Notes due 2027. The Notes, which mature on June 15, 2032, will accrue interest from May 19, 2025, with semi-annual payments starting December 15, 2025. Additionally, the Notes can be redeemed partially or in full before June 15, 2028, under specific conditions. This move is part of Avis Budget's broader financial strategy to manage its debt portfolio efficiently.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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