Avis Budget amends revolver, modifying maturity, size and pricing

By Sara Rosenberg

New York, May 3 - Avis Budget Car Rental LLC amended its revolving credit facility, extending the maturity date to 2016, increasing the size to $1.2 billion and lowering pricing by 150 basis points, according to a news release.

The company said that it expects the amended credit facility to provide it with additional financial flexibility to pursue strategic objectives, including the potential acquisition of Dollar Thrifty.

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

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