Avis Budget Group extended the term of its $1.8 billion senior revolving credit facility for an additional two years to 2023. The company also extended the maturity of its $1.1 billion term loan for an additional three years to 2025, with no change in interest rate charged.
According to a related 8-K filing, JPMorgan served as administrative agent for the transaction and was joint lead arranger along with Citigroup Global Markets, Deutsche Bank Securities, Merrill Lynch and Morgan Stanley.
