Avis Budget Intends To Offer $500M Of Senior Notes Due 2030 In Private Offering
Portfolio Pulse from Benzinga Newsdesk
Avis Budget Group plans to offer $500 million of senior notes due in 2030 through a private offering. This move is likely aimed at refinancing existing debt or funding corporate activities.
September 10, 2024 | 11:29 am
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Avis Budget Group is issuing $500 million in senior notes due 2030, likely to refinance debt or fund corporate activities. This could impact the company's credit profile and financial strategy.
The issuance of $500 million in senior notes suggests Avis Budget is looking to manage its debt profile or fund new initiatives. This could affect its credit rating and financial flexibility, but the direct impact on stock price is uncertain without further details on the use of proceeds.
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