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A rental car operator is looking for a secure line of credit to fund purchases for his growing rental fleet. He wants to learn more about improving the quality of his credit applications to lender to optimize his chances of receiving the funding.
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The ratings agency Standard and Poor's raised its rating on Avis senior unsecured notes to “B”, citing recent financing activity that reduced the rental car company's secured borrowing.
Read More →The company intends to use the offering to help repay debt on its floating rate term loan, which has an effective interest rate of approximately 9.2 percent.
Read More →Ratings firm Standard & Poor's said that Avis Budget's performance, following “a very challenging 2008 and early 2009,” garnered it higher ratings and a stable outlook.
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Scott Thompson and Jeff Cerefice discuss Dollar Thrifty’s move to refranchise, debt restructuring, fleet financing, the science of car sales, loving 45,000-mile rentals and how the company is positioned well for the run to recovery.
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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.
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Banks want more assurances than ever that your business is healthy. Having an answer to these 10 questions will help keep your credit lines safe.
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Rental car companies large and small grapple with tight lending, lower demand and two supplier bankruptcies. Is the industry heading in the right direction?
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More than 400 auto rental professionals gathered in Las Vegas at the 2009 Car Rental Show to address the challenges facing the industry. This year, the funding crisis and credit crunch were prevailing themes in the seminars, panels and roundtable discussions.
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While rentals are down 10-15 percent, operators are aggressively adapting to new market conditions and reaping the rewards.
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