Avis Budget Group Announces Leverage Covenant Waiver Under Existing Credit Facility
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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US:NASDAQ Investor Relations:
ir.avisbudgetgroup.com
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Source: GlobeNewswire
PARSIPPANY, N.J., April 27, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced that the Company has obtained a waiver of the leverage covenant included in its existing senior credit facilities, comprised of a term loan and revolving credit facility, until June 30, 2021. The waiver is included in an amendment to the credit facilities, which allows the Company to incur an additional $750 million of first lien debt. For additional information regarding the amendment, see the Company’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission on the date hereof. About Avis Budget Group Avis Budget Group, Inc. is a leading global provider of mobility solutions, both through its Avis and Budget brands, which have more than 11,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world's leading car sharing network with more than one million members. Avis Budget Group operates
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News
- Avis Budget Group, Inc. (NASDAQ: CAR) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $85.00 to $95.00. They now have a "neutral" rating on the stock.MarketBeat
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CAR
Earnings
- 10/31/24 - Miss
CAR
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- CAR's page on the SEC website