Business News

Avis Budget Group Named One of America’s Top Corporations for Women’s Business Enterprises

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PARSIPPANY, N.J., April 8, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) has again been named as one of America’s Top Corporations for Women’s Business Enterprises by the Women’s Business Enterprise National Council (WBENC). This national award recognizes corporations for world-class programs that create level playing fields for women’s business enterprises to compete for […]

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Avis Budget Group Announces Early Results of Tender Offer for 9 5/8% Senior Notes Due 2018 and 9.75% Senior Notes Due 2020

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PARSIPPANY, N.J., April 3, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) (the “Company”) announced today the early results of the previously announced cash tender offers (the “Offers”) by its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (collectively, the “Issuers”), to purchase any and all of the Issuers’ outstanding […]

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Airport Travel Just Got a Little Easier (Really!): Zipcars Now Available at Greater New York City Airports

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CAMBRIDGE, Mass., March 20, 2013 /PRNewswire/ — Zipcar, Inc., the world’s leading car sharing network, today announced the introduction of Zipcar vehicles at three airports in the Greater New York City area, including Newark Liberty, LaGuardia and John F. Kennedy (JFK) airports. The cars are conveniently located in Zipcar branded parking spaces at the Avis […]

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Avis Budget Group Commences Tender Offer for $450 Million 9 5/8% Senior Notes Due 2018 and 9.75% Senior Notes Due 2020

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PARSIPPANY, N.J., March 19, 2013 (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. (collectively, the “Issuers”), have commenced cash tender offers (the “Offers”) to purchase any and all of the Issuers’ outstanding $450 million in aggregate principal […]

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Avis Budget Group Completes Financing for Its Pending Acquisition of Zipcar

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PARSIPPANY, N.J., March 8, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc.(Nasdaq:CAR) announced today that it has completed approximately $525 million in debt financing intended to fund its pending acquisition of Zipcar (Nasdaq:ZIP). As part of the funding package, the Company issued its first Euro-denominated notes, further diversifying its capital structure to reflect the global […]

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Zipcar Stockholders Approve Acquisition of Zipcar by Avis Budget Group

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PARSIPPANY, N.J. and CAMBRIDGE, Mass., March 7, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) and Zipcar, Inc. (Nasdaq:ZIP), the world’s leading car sharing network, today announced that, at a special meeting of stockholders held earlier today, Zipcar stockholders voted to approve the adoption of the previously announced merger agreement with Avis Budget. Approximately […]

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Avis Budget Group Delivers More Than $50 Million From Performance Excellence Initiative in 2012

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PARSIPPANY, N.J., March 6, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) today disclosed details of the financial benefits that its award-winning Performance Excellence (PEx) initiative contributed to the Company’s financial results in 2012. As one of the key initiatives in the Company’s global strategic plan to drive efficiency throughout the organization, the Avis […]

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Avis Budget Group Chief Financial Officer to Present at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Forum on Thursday, March 7

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PARSIPPANY, N.J., March 4, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR), a leading global provider of vehicle rental services, today announced that David B. Wyshner, Senior Executive Vice President and Chief Financial Officer, will present at the 2013 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Forum on March 7, 2013 at 12:00 noon […]

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From First to Market to the International Leader, Avis Celebrates 10th Anniversary of China Operations

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PARSIPPANY, N.J., March 4, 2013 (GLOBE NEWSWIRE) — Avis Car Rental today announced its 10th anniversary in the People’s Republic of China. Established in 2003 as a joint venture with Shanghai Automotive Industry Corporation, one of the largest car manufacturers in China, Avis China was the first joint venture car rental company in the country. Today, […]