Avis Ups Revolver to Pay for Acquisition

Colter, Allison Bisbey
September 2011
High Yield Report;9/12/2011, p15
The article reports about the action of rent-a-car company Avis to increase its revolving fund to 1.4 billion dollars. The increase in the credit agreement involves a group of banks including J.P. Morgan Chase. Avis plans to use the additional credit facility in acquiring Avis Europe. Details of the agreement between Avis and J.P. Morgan Chase are also included.


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