And Now, Avis Lowers Pricing on TLB

Colter, Allison Bisbey
September 2011
High Yield Report;9/26/2011, p2
The article discusses the 420 million U.S. dollar term loan B interest rate of Avis Budget that was reduced to Libor plus 500 basis points (bps) with a 1.25% Libor floor and an original issue discount (OID) of 98 in order to finance its acquisition of Avis Europe.


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