Avis Budget Group Inc. (CAR) said Monday it is planning to offer $400 million of senior secured notes that mature in 2025 in a private offering. The car rental company said proceeds will be used for general corporate purposes. Shares fell 4.3% premarket and are down 57% in the year to date, while the S&P 500 has fallen 12%.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 04, 2020 07:57 ET (11:57 GMT)
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