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Prospect News home > News index > List of issuers A > Headlines for Avis Budget Group, Inc. > News item
Published on 2/17/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Avis to fully redeem outstanding 10½% senior notes due 2025

By Taylor Fox

New York, Feb. 17 – Avis Budget Group, Inc. plans to redeem all of its outstanding 10½% senior secured notes due 2025 using proceeds from its new $600 million senior notes offering and cash on hand, according to a news release.

The proceeds of the new notes will also be used to pay related premium, fees and expenses.

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


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