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Prospect News home > News index > List of issuers A > Headlines for Avis Budget Finance plc > News item
Published on 2/20/2024 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Avis Budget to redeem 4¾% senior notes due 2026 via new notes

By Marisa Wong

Los Angeles, Feb. 20 – Avis Budget Group, Inc. wholly owned subsidiary Avis Budget Finance plc plans to redeem all of its outstanding 4¾% senior notes due 2026 using proceeds from an offering of new notes, according to a press release.

The company intends to use any remaining proceeds from the new notes for general corporate purposes, which may include repayment of other debt.

The car rental company is based in Parsippany, N.J.


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