Avis Budget Group Announces Pricing Of $600 Million Of Senior Notes

Core Viewpoint - Avis Budget Group, Inc. has announced a private offering of $600 million in senior notes with an interest rate of 8.375$100 million increase from the previously announced offering size [1] Group 1: Offering Details - The senior notes will mature on June 15, 2032, and the closing of the offering is expected on May 19, 2025, subject to customary closing conditions [1] - The notes will be issued at par and guaranteed on a senior unsecured basis by the company and certain U.S. subsidiaries [1] Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including repayment of indebtedness such as a floating rate term loan maturing in December 2025 and a portion of outstanding fleet debt [2] Group 3: Regulatory Information - The notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act and will not be registered under the Securities Act or other jurisdictions [3]