Avis Budget refinances $1.149B term loans with repriced facility due 2032

AVIS BUDGET GROUP, INC.

New Tranche B Term Loans of $1,148,864,850 to repay existing tranche B term loans outstanding.
New loans mature July 16, 2032; interest at SOFR + 2.50% or base rate + 1.50% per annum.
1.00% premium applies on any prepayment due to repricing within 6 months of closing.
JPMorgan Chase Bank, N.A. acts as Administrative Agent; several banks as joint lead arrangers.

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