Avis Ups Revolver to Pay for Acquisition

Colter, Allison Bisbey
September 2011
High Yield Report;9/19/2011, p2
The article focuses on the action done by Avis Budget to finance an acquisition which is expected to be finished in October 2011. This car rental company decided to obtain more funds from pro rata market. It also expanded an existing credit agreement with a group of banks in order to increase the size of its revolver.


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