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 […]
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 […]
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 […]
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 […]
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, […]
PARSIPPANY, N.J., Feb. 27, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) today announced that the Company has recognized more than 1,000 Customer Experience Owners (C.E.O.s). Introduced in North America in 2011, the C.E.O. program highlights the achievements of team members who have been praised by Avis Car Rental, Budget Car Rental and Budget […]
PARSIPPANY, N.J., Feb. 21, 2013 (GLOBE NEWSWIRE) — Over the past year, Budget Car Rental has been celebrating 50 years in Canada. As the grand finale of its “Drive Away a Winner Event,” Budget presented one lucky customer with 50,000 AIR MILES® reward miles. Later this year, another winner will receive a 2013 Ford Escape rental […]
PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., Feb. 19, 2013 (GLOBE NEWSWIRE) — PGA TOUR and Avis Car Rental announced today that Brian Gay has been voted the January PGA TOUR Player of the Month presented by Avis. As the official rental car company of the PGA TOUR, Avis will make a $50,000 contribution to […]
PARSIPPANY, N.J., Feb. 13, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) announced today that its Avis Budget Rental Car Funding (AESOP) LLC subsidiary has completed an offering of $750 million of asset-backed bonds with a weighted average interest rate of approximately 2.0%, the lowest rate on five-year, fixed-rate vehicle debt in the Company’s […]
PARSIPPANY, N.J. and CAMBRIDGE, Mass., Feb. 12, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) and Zipcar, Inc. (Nasdaq:ZIP), the world’s leading car sharing network, today announced that the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired on February 11, 2013 in connection with Avis Budget’s previously announced […]