Press Releases

Company Also Announces Repurchase of $100 Million of Convertible Notes...

PARSIPPANY, N.J., March 26, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) (the "Company") announced today that its wholly-owned subsidiary, Avis Budget Car Rental, LLC, has priced an offering of $125 million aggregate principal amount of 8.25% senior notes due 2019....

Transaction Will Enable the Company to Replace Remaining Vehicle-Backed Debt Maturing in 2012 at Substantially Lower Rates...

PARSIPPANY, N.J., March 22, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it plans to hold an Investor Day meeting on May 8, 2012 at 9:00 a.m. in New York City. The day will include presentations by members of the Company's senior leadership team, a...

PARSIPPANY, N.J., March 22, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental has launched its celebration of its 40 th anniversary of providing car rental services in the Republic of Singapore. Since first opening on March 31, 1972, Avis has been a trusted brand in Singapore providing residents and...

PARSIPPANY, N.J. and DALLAS, March 21, 2012 (GLOBE NEWSWIRE) -- A new multi-year agreement between Avis Budget Group and Regus, the world's largest provider of flexible workplaces, will help make business travel easier by providing Regus customers with valuable savings on Avis and Budget car...

Transaction Extends Corporate Debt Maturities and Will Generate Approximately $9 Million of Annual Interest Savings...

PARSIPPANY, N.J., March 12, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group (Nasdaq:CAR) today announced that the Company's strategic focus on maintaining and expanding travel partnerships made substantial contributions to its results in 2011. Revenue from co-marketing agreements with leading travel...

Frontier Airlines and Avis Budget Group Partnership Takes Off...