Europcar unit sells €500 million sustainability-linked notes due 2026

By Devika Patel

Knoxville, Tenn., Sept. 21 – Europcar Mobility Group SA subsidiary EC Finance plc plans to sell €500 million of sustainability-linked senior secured notes due 2026, according to a press release.

Proceeds will be used for the redemption in full of EC Finance’s 2.375% senior secured notes due 2022.

The purpose of the offering is to proactively manage the company’s debt profile and extend its average maturity whilst taking advantage of the prevailing market conditions.

Europcar is a Paris-based vehicle rental services provider.

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