Avis Budget Group, Inc. (Nasdaq:CAR) announced that its Avis Budget Rental Car Funding (AESOP) LLC subsidiary has completed an offering of $650 million of asset-backed bonds with a weighted average interest rate of 3.5%. The proceeds of the offering are expected to be used to refinance ABS debt maturing in 2012 with a blended interest rate of over 6%, and at a similar advance rate.
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(CAR, BBBB, CRWE, SNPS) Stocks in Focus by BestOtc.com
September 7th, 2011 at 09:56 am