Avis Budget Group Owned Avis Budget Finance to Raise €200M Via Senior Notes Offering
Portfolio Pulse from Benzinga Newsdesk
Avis Budget Group, Inc. (CAR) announced its subsidiary, Avis Budget Finance plc, plans to offer €200M in 7.25% Senior Notes due 2030 to raise funds for general corporate purposes, including debt repayment. The notes, guaranteed by Avis Budget Group and certain U.S. subsidiaries, add to an existing €400M in notes under the same terms.
May 13, 2024 | 8:04 am
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POSITIVE IMPACT
Avis Budget Group's move to raise €200M through Senior Notes could strengthen its financial position, potentially leading to positive investor sentiment.
Raising funds through Senior Notes indicates Avis Budget Group's proactive approach to managing its debt and financing its operations. This could reassure investors about the company's financial health and strategic planning, potentially leading to a positive impact on its stock price in the short term.
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