Avis Budget Group Announces Intention to Offer €200

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8 Ways To Find The Best Web Design Agencies For Your…PARSIPPANY, N.J., May 13, 2024 — Avis Budget Group, Inc. announced today that its wholly-owned subsidiary, Avis Budget Finance plc , intends, subject to market and other customary conditions, to offer €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 in a private offering.

The Company intends to use the proceeds from the offering of the Notes for general corporate purposes, which may include repayment of indebtedness, including without limitation, outstanding fleet debt, and to pay fees and expenses in connection with the foregoing. The Notes and related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended , or, outside the United States, to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act.

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities. Any offers of the Notes will be made only by means of a private offering memorandum.We are a leading global provider of mobility solutions, both through our Avis and Budget brands, which have approximately 10,250 rental locations in approximately 180 countries around the world, and through our Zipcar brand, which is the world’s leading car sharing network.

 

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