Avis Budget to buy €300 million of notes due 2024 from new offering

By Mary-Katherine Stinson

Lexington, Ky., July 5 – Avis Budget Finance plc will use the proceeds of a new euro-denominated senior note offering to redeem €300 million of its 4 1/8% senior notes due 2024, according to a press release.

The remainder of the proceeds from the new notes will be used for general corporate purposes, which may include debt repayment.

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

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