TITLE

Avis Ups Revolver to Pay for Acquisition

AUTHOR(S)
Colter, Allison Bisbey
PUB. DATE
September 2011
SOURCE
High Yield Report;9/12/2011, p15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
66187538

 

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