Avis Budget Finance issues €400M 7.25% Senior Notes due 2030 to refinance 2024 notes

AVIS BUDGET GROUP, INC.

Issued €400M aggregate principal of 7.25% Senior Notes due July 31, 2030.
Net proceeds used to redeem all €300M outstanding 4.125% Senior Notes due 2024, plus fees.
Remaining proceeds for general corporate purposes, including debt repayment.
Notes are senior unsecured, guaranteed by Avis Budget Group and certain domestic subsidiaries.
Issuer may redeem notes at make-whole price until July 31, 2026, then at stated redemption prices.

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