Avis Budget issues €600M 7.00% notes due 2029 to redeem €350M 4.75% notes

AVIS BUDGET GROUP, INC.

Issued €600M aggregate principal of 7.00% Senior Notes due February 28, 2029.
Proceeds to redeem all outstanding €350M of 4.750% Senior Notes due 2026 plus fees and expenses.
Interest at 7.00% per annum, semi-annual payments beginning August 31, 2024.
Notes are senior unsecured and guaranteed by Avis Budget Group and certain domestic subsidiaries.
Issuer may redeem notes at any time prior to Feb 28, 2026 at make-whole premium; thereafter at stated prices.

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