Avis Budget Group Announces Closing of $400 Million Senior Notes Offering
PARSIPPANY, N.J., July 03, 2019 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., have completed an offering of $400 million aggregate principal amount of 5.75% Senior Notes due 2027 in a private offering. Avis Budget Group intends to […]
Avis Budget Group Announces Intention to Offer $400 Million of Senior Notes
PARSIPPANY, N.J., June 19, 2019 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., intend, subject to market and other customary conditions, to offer $400 million aggregate principal amount of senior notes due 2027 in a private offering. The […]
Cars & The Cloud: Avis Budget Group Leveraging Amazon Web Services For Global Connected Car Data Analysis
Avis Budget Group to strengthen data capabilities as it grows to a 100 percent global connected car fleet, providing access to secure cloud storage, powerful data analytics and tools PARSIPPANY, N.J., Nov. 01, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced its plan to leverage Amazon Web Services’s (AWS) Connected Vehicle […]
Avis Budget Group and Ford Team Up to Connect Cars, Enhance Car Rental Experience
Customers renting Ford Motor Company vehicles from Avis Budget Group’s U.S. fleet soon will find it easier to receive and return their vehiclesMore than 35,000 Ford vehicles in the Avis Budget Group fleet are projected to be digitally connected by summer 2019 as both companies make strides toward connectivity goalsPARSIPPANY, N.J., Oct. 23, 2018 (GLOBE […]
Avis Budget Group to Announce Third Quarter 2018 Results on November 5
Conference Call to Discuss Results Scheduled for November 6, 2018PARSIPPANY, N.J., Oct. 10, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its third quarter 2018 results after the market close on Monday, November 5, 2018, and to host a conference call for institutional investors to discuss […]
Avis Budget Group Announces Closing of €350 Million Senior Notes Offering
PARSIPPANY, N.J., Oct. 04, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that its wholly-owned subsidiary, Avis Budget Finance plc, has completed an offering of €350 million aggregate principal amount of 4.750% Senior Notes due 2026 in a private offering. Avis Budget Group intends to use the net proceeds from the […]
Avis Extends Partnership With Maple Leaf Sports & Entertainment
PARSIPPANY, N.J., Sept. 17, 2018 (GLOBE NEWSWIRE) — Avis today announced that it has renewed its multi-year agreement with Maple Leaf Sports & Entertainment (MLSE) to continue its designation as the official vehicle rental partner of the Toronto Maple Leafs and Toronto FC. Under the agreement, the mobility brand will have the opportunity to promote […]
Avis Budget Group Fleet Expands to 100,000 Connected Cars, Benefitting Customers, Cities and the Company Bottom Line
PARSIPPANY, N.J., Aug. 13, 2018 (GLOBE NEWSWIRE) — Avis Budget Group (NASDAQ: CAR) today announced it has surpassed the 100,000 connected car threshold globally, a milestone that promises to further improve the traveler experience, increase operational efficiencies for the Company, and benefit smart city planning. The growing presence of connected cars across the Avis Budget […]
Avis Budget Group Reports Strong Second Quarter 2018 Results
PARSIPPANY, N.J., Aug. 07, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its second quarter ended June 30, 2018. Revenue grew 4% to a record $2.3 billion in the second quarterSignificant improvements in per-unit fleet costs and utilizationNet Income improved to $26 million and Adjusted Net Income increased 84% […]
Avis Budget Group Partners With Lyft to Provide Drivers With On-Demand Access to Avis Vehicles
PARSIPPANY, N.J., Aug. 06, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced a multi-year deal with Lyft, the fastest growing ride hailing company, in which Avis will add thousands of vehicles to the Lyft Express Drive program in cities across North America. The partnership will make it easier for people to […]