MENU
SEARCHNEW YORK -- Cendant Corp. announced that its Avis Group Holdings subsidiary will redeem its 11% senior subordinated notes, due 2009, on May 1. The notes will be redeemed at 105.5% of principal o...
NEW YORK -- Cendant Corp. announced that its Avis Group Holdings subsidiary will redeem its 11% senior subordinated notes, due 2009, on May 1. The notes will be redeemed at 105.5% of principal outstanding, plus accrued and unpaid interest to the redemption date.
The aggregate principal amount of notes outstanding is approximately $310 million. The company said the redemption will be funded with cash on hand. Payments are scheduled to be made on Monday, May 3.
For additional information, holders may contact Bank of New York trustee Julie Salovitch-Miller at (212) 815-2491.
Rental operators can now detect and act on speeding while vehicles are still on rent, thereby reducing fines, admin workload, vehicle wear, and safety risks.
Read More →
Fleets and consumer can use a transponder-less option when traveling between Canada and the U.S.
Read More →
The combination brings actionable vehicle insights into PurCo’s PurInspect platform, improving damage detection and operational efficiency for rental fleets.
Read More →
LOR related to insurance claims overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
Read More →
The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.
Read More →
West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
Read More →
Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.
Read More →
