Avis Budget units sell $700M of 8.250% notes due 2030

AVIS BUDGET GROUP, INC.

$700M aggregate principal, 8.250% interest, maturity Jan 15, 2030.
Semi-annual interest starting Jan 15, 2025; proceeds for general corporate use including debt repayment.
Notes are senior unsecured, guaranteed by Avis Budget Group and restricted subsidiaries.
Issuers may redeem at make-whole premium before Sept 15, 2026, then at specified prices.
Up to 40% may be redeemed with equity offering proceeds at specified price.

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