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Avis Budget Group redeems $175 million 7 5/8% senior notes due 2014
By Toni Weeks
San Diego, Jan. 3 - Avis Budget Group, Inc. redeemed $175 million of its $375 million 7 5/8% senior notes due 2014 on Dec. 30, according to an 8-K filing with the Securities and Exchange Commission.
The redemption price was 103.813% of par plus accrued interest to the date of redemption for a total redemption payment of $183,340,719.
Avis Budget is a Parsippany, N.J.-based vehicle rental company.
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