debt
confidence high
sentiment neutral
materiality 0.60
Avis Budget Group refinances $2B revolver, adds $200M 2028 facility
AVIS BUDGET GROUP, INC.
- Refinanced existing $2B revolving loan facility with new $2B 2031 Revolving Facility maturing June 29, 2031.
- Established new $200M 2028 Revolving Facility maturing June 29, 2028, with springing maturity triggers.
- Eleventh Amendment executed June 29, 2026; JPMorgan Chase as administrative agent.
- Multiple lenders including Bank of America, BNP Paribas, Morgan Stanley, etc. participated.
- Borrower prepaid all existing revolving loans and accrued interest on closing.