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SEARCHLISLE, Ill. -- Budget Group Inc. announced it has completed the sale of $240 million of asset-backed medium-term notes through an institutional private placement. The company will use the procee...
LISLE, Ill. -- Budget Group Inc. announced it has completed the sale of $240 million of asset-backed medium-term notes through an institutional private placement.
The company will use the proceeds to retire maturing asset-backed medium-term notes used to finance its rental fleet.
Standard and Poor's and Moody's Investor Service rated each of the three securitization classes of notes, with 76% of the notes rated AAA.
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.
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Fleets and consumer can use a transponder-less option when traveling between Canada and the U.S.
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The combination brings actionable vehicle insights into PurCo’s PurInspect platform, improving damage detection and operational efficiency for rental fleets.
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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.
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The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
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The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
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The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
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The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.
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West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
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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.
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