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The car rental company closed an offering of €400 million in senior notes and completed a €220 million revolving credit facility. It also plans to close a €400 million asset-backed securitization facility tomorrow.
Read More →The car rental company said the transaction will provide additional long-term fleet funding before the next scheduled fleet debt matures.
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One Chicago-based independent has figured out how to serve the market of credit-challenged customers without getting burned. Now if he could only get more cars.
Read More →There are several steps you can take to help determine whether you should purchase new or pre-owned vehicles and how you should finance your fleet.
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Some rental operators net pre-tax 20 cents or more on the dollar. With the right plan and enough drive, you can too, advises industry consultant Neil Abrams at the Car Rental Show.
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