Avis Budget Group, Inc. (CAR), Wednesday announced that its subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., plan to offer $500 million aggregate principal amount of senior notes due 2032.
The proceeds from the private offering would be utilized for corporate-related purposes, such as repayment of indebtedness, including, without limitation, repayment of the company's floating rate term loan A maturing in December 2025 and a portion of its outstanding fleet debt.
In the pre-market hours, Avis Budget's stock is trading at $109.99, up 3.42 percent on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.