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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 3/9/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Avis to redeem outstanding 6 3/8% notes due 2024, 5¼% notes due 2025

By Taylor Fox

New York, March 9 – Avis Budget Group, Inc. plans to redeem all of its outstanding 6 3/8% senior notes due 2024 and some of its 5¼% senior notes due 2025, according to a news release and a market source.

The company sold an upsized $500 million offering of notes due 2029. The 6 3/8% notes will be redeemed entirely. The 5¼% senior notes will be redeemed partially, with cash on hand.

Avis is a Parsippany-Troy Hills, N.J.-based vehicle rental company.


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