106 Avis Budget Group has announced its intention, through its wholly-owned subsidiary Avis Budget Finance plc, to offer €400 million aggregate principal amount of senior notes due 2029 in a private offering, subject to market conditions. These notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain U.S. subsidiaries. Proceeds from the offering will primarily be used to redeem all outstanding 4.750% senior notes due 2026 issued by the Issuer. Additionally, funds will cover associated fees and expenses, with any remaining amount designated for general corporate purposes, including potential debt repayment. It’s important to note that this announcement does not serve as a notice of redemption for the 4.750% senior notes due 2026. The offering of the Notes and related guarantees is directed exclusively to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, or, outside the United States, to individuals who are not considered “U.S. persons” in accordance with Regulation S under the Securities Act. These securities have not been registered under the Securities Act or any other jurisdiction’s securities laws and may not be offered or sold in the United States without exemption from or outside the registration requirements outlined in the Securities Act. You Might Be Interested In Expedia Group’s Hari Nair Joins Brand USA Board to Promote U.S. Tourism GE Vernova’s Power Conversion Business Secures Contract for Singapore Navy’s Multi-Role Combat Vessel Program OpenAI Unveils Latest AI Model, GPT-4o New Jersey Devils, Prudential Center, and Verizon Extend Partnership American Heart Association and Quest Diagnostics Foundation Invest in Developing Diverse Healthcare Professionals at HBCUs and HSIs Arko Corp. Reports Strong EBITDA and Plans Strategic Transformation
