The financing, expected to be structured as an asset-backed securitization short-term facility, will fund the purchase of about 229,000 vehicles in 2021.
The funding will be used to further develop the peer-to-peer rental company's contactless booking and pickup technology. C-suite hires include COO, CFO positions.
Europcar has received state guaranteed loans from Spain and France.
Euopcar will release Quarter 1 results May 5, after the closing of the stock exchange.
The rental agency will be filing the appropriate forms with the Securities and Exchange Commission.
Europcar has finalized its first lines of financing, 70% guaranteed by the Spanish State for an amount of 36 million euros.
The 2.7-million-square-foot Conrac will be constructed on a 16.65-acre site, with 2,925 public parking spaces and 3,380 rental car spaces to support 10 rent-a-car brands.
Any offers of the notes will be made only by means of a private offering memorandum.
The peer-to-peer carsharing company received funding from SoftBank Vision Fund, Toyota, and various company insiders.
Silvercar, the app-based car rental operation, has completed a $5 million round of financing.
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