Enterprise Holdings Inc., announced that its indirect, wholly owned subsidiary, ARG Funding Corp. has increased the consideration offered for certain tranches of its fixed rate rental car asset backed notes in connection with its previously announced tender offer.
Alamo Rent A Car is offering discounted rates, free rental days, and class upgrades for travel to Latin American destinations.
The notes will bear interest at 5.68 percent per annum and are expected to be rated AAA by Moody's Investors Service upon issuance.
Sixt is now offering 15 stations in Mexico with wide-ranging services for business and private customers.
One rental agency reports being out of vehicles. Others aren't taking reservations.
Hertz has filed a lawsuit alleging that a company defamed it in a report that named Hertz among 20 large companies “most likely to declare bankruptcy” within a year.
According to the American Express Global Business Travel Forecast released today, pent up trip demand coupled with supply base changes are likely to cause rates to slightly increase in most travel categories by the end of 2010.
The company has now completed, one year ahead of schedule, transactions affecting a majority of its U.S. fleet debt scheduled to be refinanced by the end of 2010.