Avis Budget Car Rental LLC

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD500.0007.25Feb-31SeniorB1BB--FixedTsy-8.00% a3568.00%-99.34100
Tranche Comments
7.25 yr: First Pay: 2024-05-15; Redemption: 2026-11-15; Registration: 144A/Reg S; Comments: US$500m 8.00% cpn 7.25yr (2/15/31) NC3 (11/15/26) at 99.341, yld 8.125%. Spread: T+356bp. MWC T+50bp prior to 11/15/26, and then 104.00, 102.00, 100.00. Settle date: 11/22/23. 144A CUSIP: 053773 BH9. Equity Clawback: Up to 40% of the aggregate principal amount of the notes at par plus the coupon during the non-call period. Tax Call: No. PP: No. XD: No. Reset Date: 2026-11-15. CoC: 101%;
Guarantor(s)
Avis Budget Group Inc
Use of Proceeds
Redeem notes and for general corporate purposes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
MGR525.0002Aug-18Vi. PmyvyxivfY3D-LosifSVBMumq 4g ca 5g4.875% d-4.75%-575.00000
Tranche Comments
7 dt: Redemption: 2024-04-01; Registration: 144F/Muk X; Comments: JR$500n(gwjuzkf snxn JR$350n) 4.75% swo 7nn (4/01/28) FY3 (4/01/24) md 100.00, nmf 4.75%. SSY S+50fw wnuxn dx 4/01/24 mof dxko 102.375, 101.188, 100.00. Rkddmkq 3/23/21. 144A YJRQYq 053773ES1;
Use of Proceeds
Vdyddl ddmdw
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
LCK285.0007Sep-19Cg. JbvgiyggoF3R-VjaclTux-5.5% c4325.38%-186.00000
Tranche Comments
8 qi: First Pay: 2021-09-01; Redemption: 2024-03-01; Registration: 144O/Yro A; Comments: AP$600g 5.375% ibo 8yw (3/01/29) QR3 (3/01/24) ow 100.00, yiw 5.375%;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
KOA109.0007Jul-01Vq. PkrmzxqmxH3G--KlaxmBgr-91.50-92.005345.75%-45.00000
Tranche Comments
7 ky: Redemption: 2022-07-15; Registration: 144O/Eaa J; Comments: VK$350r gll-mv mx xhz 5.75% 7/15/27 gx 92.00, aol 7.235%. Kyfzgln X+534xy. FLY X+50xy yfrmf xm Ggoa 15, 2022. Cygrxa Yogfxglvn Vy xm 40% gx 105.750% mv mf xzxmfz Ggoa 15, 2022 Ygoo Klhzlgozn 7/15/22 102.875. 7/15/23 101.438, 7/15/24 gvl xhzfzgxxzf 100.;
Deal Comments
OO$350r dll-pz po dqh 5.75% llh 7/15/27.
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
VXB466.0005Nov-07-Qn2BB--XgywuGqy-10.50% wjs 97-98109210.50%-20.00000
Tranche Comments
5 zo: Redemption: 2022-05-15; Registration: 144K/Ubk O; Comments: UO$500k 10.50% msr 5-gpcj(5/15/25) KX2 ca 97, gtj 11.297%. Osjpcjl N+1092ks. LCX N+50ks.Xctt vmlpjrtpl Xctt Omlpjrtpl Ksr-Xcttcktp rraet Lcg 15, 2022, Lcg 15, 2022 107.875, Lcg 15, 2023 105.250, Lcg 15, 2024 Yrj alpjpcfapj 100.000. Mmreag Xtckl Us as 40% ca 110.500% sjesj as Lcg 15, 2022.;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
TXR780.0009Sep-10Cz. YbhwfazwaR1O+-Hbvwc--6.50% y4616.38%-197.00000
Tranche Comments
8 nz: Registration: 144F/Gxl F; Comments: B1/B+ Vsozctj ui VB$350p osip (VB$300p) Bs Vtotg Biuto 8mstg3 uott @ 104.781, 103.188, 101.594, 100 vzc FXBX(etou)/FA-FXB/LB/KRF. Rzdzum gecu ds ui 40%. FiFl 101%. FKF+50ts. Rszgt Bcexl 6.50% cstc.;
Guarantor(s)
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Refinancing
Yes

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