Avis Budget Group Completes $750 Million Asset-Backed Bond Offering
Posted onPARSIPPANY, 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 […]