Edition:
United States

Avis Budget Group Inc (CAR.OQ)

CAR.OQ on NASDAQ Stock Exchange Global Select Market

28.47USD
24 Mar 2017
Change (% chg)

$-0.09 (-0.32%)
Prev Close
$28.56
Open
$28.56
Day's High
$28.85
Day's Low
$28.13
Volume
631,504
Avg. Vol
681,348
52-wk High
$41.53
52-wk Low
$21.86

Latest Key Developments (Source: Significant Developments)

Avis Budget Group on March 15, unit Avis Budget Rental Car funding issued $600 mln of asset-backed securities with maturity of 5 years
Tuesday, 21 Mar 2017 04:52pm EDT 

Avis Budget Group Inc : Avis Budget Group Inc- on March 15, unit avis budget rental car funding issued $600 million of asset-backed securities with a maturity of five years .Avis Budget Group Inc - unit also issued $33.1 million aggregate principal amount of series 2017-1 6.75% class r notes - sec filing.  Full Article

Avis Budget Group CEO De Shon Larry's 2016 total compensation was $6.53 mln
Tuesday, 21 Mar 2017 04:50pm EDT 

Avis Budget Group Inc - : CEO De Shon Larry's fy 2016 total compensation $6.53 million versus $8.9 million in fy 2015 - SEC filing . Executive chairman Nelson Ronald's fy 2016 total compensation $3.3 million versus $11.2 million in fy 2015 .CFO David Wyshner's 2016 total compensation $3.9 million versus $6.1 million in 2015 - SEC filing.  Full Article

I.D. Systems enters purchase deal with Avis Budget Group
Monday, 20 Mar 2017 08:30am EDT 

Avis Budget Group Inc : I.D. Systems- co, Avis Budget Group executed purchase agreement for deployment of i.d. Systems' proprietary wireless rental fleet management systems . I.D. Systems - first phase of new purchase agreement will incorporate i.d. Systems' technology into 50,000 avis budget vehicles . I.D. Systems inc - received upfront payment, which it will allocate toward development of additional system enhancements as well as ramping production . I.D. Systemsinc - exclusive agreement also provides avis budget an option to extend system deployment across its global fleet of vehicles .I.D. Systems- agreement provides avis budget with limited term of exclusivity for use of i.d. Systems' technology in car and truck rental industry.  Full Article

Avis Budget Group says amended its senior credit facility
Wednesday, 8 Mar 2017 10:30am EST 

Avis Budget Group Inc : Avis budget group announces closing of €250 million senior notes offering and amends its senior credit facility . Amended its senior credit facility, including a $188 million increase in its outstanding term loans . Intends to use proceeds from amended transaction to redeem remaining outstanding floating rate senior notes due 2017 . Amendment includes 3-year extension of maturity date of portion of existing loans, reduction of interest rate & removal of minimum rate applicable .Amended senior credit facility includes reduction of term loan interest rate, removal of minimum rate applicable to term loans.  Full Article

Aeroplan announces newly expanded agreement with Avis Budget Group
Thursday, 2 Mar 2017 11:00am EST 

Aeroplan : Newly expanded agreement with Avis Budget Group . Members can now earn, redeem Aeroplan Miles on all car rentals in Canada, U.S., internationally with Avis Car Rental and Budget Car Rental .Members will be able to earn and redeem miles with Payless Car Rental in coming months.  Full Article

Avis Budget Group announces intention to offer 250 million euros of senior notes
Wednesday, 1 Mar 2017 03:00am EST 

Avis Budget Group Inc : Avis Budget Group announces intention to offer 250 million euros of senior notes .Intends to use net proceeds from notes offering to redeem all of its outstanding 6% senior notes due 2021 and others.  Full Article

AVIS BUDGET GROUP AND TRAVELPORT EXTEND RELATIONSHIP
Monday, 13 Feb 2017 10:13am EST 

Avis Budget Group Inc : AVIS BUDGET GROUP INC - CO AND TRAVELPORT ANNOUNCED SIGNING OF A NEW, MULTI-YEAR PARTNERSHIP AGREEMENT .SAYS THROUGH AGREEMENT, AVIS BUDGET GROUP WILL HAVE CONTINUED ACCESS TO TRAVELPORT'S TRAVEL COMMERCE PLATFORM.  Full Article

Avis Budget Group signs agreement with Uber Technologies
Wednesday, 8 Feb 2017 06:00am EST 

Avis Budget Group Inc : Avis Budget Group Inc - has signed an agreement with Uber Technologies, Inc . Avis Budget Group Inc - agreement to supply Uber's driver partners with cars through Zipcar .Avis Budget Group Inc - program will be initially launched in Boston.  Full Article

Diamond Hill Capital Management Inc reports 5.8 pct passive stake in Avis Budget Group
Monday, 6 Feb 2017 12:43pm EST 

Avis Budget Group Inc :Diamond Hill Capital Management Inc reports a 5.8 percent passive stake in Avis Budget Group Inc as on December 31, 2016 - SEC Filing.  Full Article

Avis budget group adopts short-term stockholder rights plan
Monday, 23 Jan 2017 08:30am EST 

Avis Budget Group Inc : Avis Budget Group adopts short-term stockholder rights plan . Avis Budget Group Inc - co and SRS entered into an agreement in January 2016 which contains standstill provisions which expire January 25, 2017 . Avis Budget Group Inc - "SRS has been unwilling to agree to customary standstill provisions going forward" .Avis Budget Group Inc - sets trigger of 10 percent for poison pill.  Full Article

More From Around the Web

BRIEF-Avis Budget Group on March 15, unit Avis Budget Rental Car funding issued $600 mln of asset-backed securities with maturity of 5 years

* Avis Budget Group Inc- on March 15, unit avis budget rental car funding issued $600 million of asset-backed securities with a maturity of five years