Avis Budget Group Announces Intention to Offer €400 Million of Senior Notes
PARSIPPANY, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), intends, subject to market and other customary conditions, to offer €400 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private offering. The Notes […]
Avis Budget Group Announces Special Cash Dividend
PARSIPPANY, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced the declaration by its Board of Directors of a special cash dividend of $10.00 per share of common stock. The special cash dividend is payable on December 21, 2023 to stockholders of record as of the close […]
Avis Budget Group Announces Pricing of $500 Million of Senior Notes
PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”) priced a private offering of $500 million aggregate principal amount of 8.00% senior notes due 2031 (the “Notes”). The Notes will […]
Avis Budget Group Announces Intention to Offer $500 Million of Senior Notes
PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $500 million aggregate principal amount of senior notes due 2031 (the […]
Avis Budget Group Announces Management Realignment
PARSIPPANY, N.J., November 1, 2023 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced significant changes within its leadership team, reinforcing the company’s commitment to its strategic vision and long-term success. Effective January 1, 2024, Izzy Martins, currently serving as EVP Americas, will assume the role of EVP & Chief Financial Officer, succeeding Brian Choi, […]
Avis Budget Group and SK Group’s EverCharge Launch Large-Scale Electric Vehicle Charging Solution at Houston Airport
Palo Alto, Calif. and Parsippany, N.J. (January 26, 2023) – Avis Budget Group (Nasdaq: CAR) and EverCharge, an SK Group company and a leading provider of large-scale electric vehicle (EV) charging devices and management systems, has launched a significant number of EV charging stations at the George Bush International Airport (IAH) in Houston, Texas. The stations will power Avis and […]
Avis Budget Group Announces Chief Financial Officer Transition
PARSIPPANY, N.J., Aug. 13, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that John F. North III will transition from Chief Financial Officer to pursue other interests. Brian Choi will assume the role of Chief Financial Officer on August 24, 2020. As part of the transition, Mr. Choi will resign from the Avis […]
Avis Budget Group Appoints Joe Ferraro Chief Executive Officer
Bernardo Hees Named Executive Chairman PARSIPPANY, N.J., June 15, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that its Board of Directors has appointed Joe Ferraro, who has been serving as interim Chief Executive Officer, as CEO, effective immediately. The Company also announced that Bernardo Hees, who has been serving as […]
Avis Budget Group Announces Leverage Covenant Waiver Under Existing Credit Facility
PARSIPPANY, N.J., April 27, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that the Company has obtained a waiver of the leverage covenant included in its existing senior credit facilities, comprised of a term loan and revolving credit facility, until June 30, 2021. The waiver is included in an amendment to […]
Avis Budget Group, Inc. Changes to Virtual Meeting Format for the 2020 Annual Meeting of Shareholders
PARSIPPANY, N.J., April 21, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that, due to the public health impact of the coronavirus outbreak (COVID-19) and to prioritize the health and well-being of our employees, shareholders and community, the Company’s 2020 Annual Meeting of Shareholders (the “Meeting”) has been changed […]