3/20/2025 | HY | Market Commentary: Active junk primary prices $3.35 billion; Hertz sell-off resumes; funds add $1.09 billion
|
2/28/2025 | BKHY | Moody's shifts Avis view to negative
|
2/26/2025 | BKHY | S&P cuts Avis Budget; outlook negative
|
9/11/2024 | HY | Market Commentary: Junk market prints calendar deals; Victra outperforms in secondary; Focus Financial weaker
|
9/10/2024 | HY | New Issue: Avis Budget prices upsized $700 million long five-year notes at par to yield 8¼%
|
9/10/2024 | HY | Avis Budget plans to sell $500 million five-year notes on Tuesday; initial talk mid-8% area
|
9/10/2024 | BKHY | Moody’s assigns B1 to Avis notes
|
2/20/2024 | BKHY | Moody’s gives B1 to Avis notes
|
11/22/2023 | HY | Market Commentary: Secondary quiet yet firm; American Airlines gains continue; First Quantum pares losses
|
11/22/2023 | HY | Market Commentary: Morning Commentary: Junk opens 1/8 point better; ams-Osram paper continues to outperform
|
11/21/2023 | HY | Market Commentary: Morning Commentary: Junk opens unchanged; ams-Osram bonds trade at handsome premiums
|
11/15/2023 | HY | New Issue: Avis Budget prices $500 million 8% 7.25-year senior notes at 99.341 to yield 8 1/8%
|
11/15/2023 | BKHY | Moody’s rates Avis notes B1
|
11/15/2023 | HY | Avis Budget driving by with $500 million 7.25-year senior notes; initial talk low-8% area
|
7/5/2023 | BKHY | Moody's gives B1 to Avis notes
|
6/23/2023 | BKHY | DBRS boosts, pulls Avis Budget ratings
|
3/22/2023 | BKHY | Moody's bumps up Avis
|
8/23/2022 | BKHY | DBRS alters Avis trend to positive
|
3/7/2022 | BKHY | Moody’s rates Avis loan BB+
|
3/7/2022 | BKHY | Moody's assigns Ba1 to Avis loan
|
8/27/2021 | BKHY | DBRS shifts Avis trend to stable
|
3/9/2021 | BKHY | S&P gives Avis notes B
|
3/9/2021 | HY | Avis Budget driving by with $350 million seven-year notes, initial guidance high 4% to 5% area
|
2/19/2021 | HY | Market Commentary: Spectrum prices; Comstock gains; Simmons Foods, Avis improve; Carnival above water
|
2/18/2021 | HY | Market Commentary: Comstock drives by; Avis, Vista Outdoors on a par-handle; Simmons Foods outperforms
|
2/17/2021 | HY | Market Commentary: Avis, Simmons Foods price; KAR Auction down post-earnings; Northern Oil sell-off accelerates
|
2/17/2021 | HY | New Issue: Avis Budget sells $600 million eight-year notes at par to yield 5 3/8%
|
2/17/2021 | BKHY | Moody’s assigns Avis Budget notes B3
|
2/17/2021 | HY | Avis Budget driving by with $600 million eight-year senior notes; early talk 5¾%
|
10/30/2020 | BKBWHY | Avis reports no meaningful debt maturities until 2023, good liquidity
|
8/19/2020 | BKHY | DBRS puts Avis on negative trend
|
8/3/2020 | HY | Market Commentary: Primary prices $4.6 billion; forward calendar swells; United Rentals in focus; Rolls-Royce trades off
|
8/3/2020 | HY | New Issue: Avis Budget prices $350 million mirror tap of 5¾% notes due 2027 at 92 to yield 7.235%
|
8/3/2020 | BKHY | S&P gives Avis Budget notes B-
|
8/3/2020 | BKHY | Moody’s assigns Avis Budget notes B3
|
8/3/2020 | HY | Avis Budget driving by with $350 million mirror tap of 5¾% notes due 2027; early talk 91-91.5
|
7/2/2020 | BKHY | Moody’s changes Avis view to negative
|
5/7/2020 | BKHY | DBRS cuts Avis Budget
|
5/6/2020 | HY | Market Commentary: Marriott, William Carter, O-I Glass, Wolverine price; United Airlines on deck; Norwegian Cruise, Avis above issue price
|
5/5/2020 | HY | Market Commentary: Norwegian Cruise, Avis price with discounts; Compass adds-on; Kraft Heinz in focus; Occidental gains
|
5/5/2020 | HY | New Issue: Avis prices upsized $500 million 10½% five-year secured notes at 97 to yield 11.297%
|
5/5/2020 | HY | Avis launches upsized $500 million five-year secured notes with 10½% coupon at 97 to yield 11.297%
|
5/4/2020 | HY | Market Commentary: Kraft Heinz upsizes; NFP prices; Avis on deck; Del Monte trades up; airlines trade off
|
5/4/2020 | HY | Avis Budget talks $400 million five-year notes with 10½% coupon at OID 97-98; pricing Tuesday
|
5/4/2020 | BKHY | Moody's assigns Avis notes Ba2
|
5/4/2020 | BKHY | S&P rates Avis notes BB-
|
5/4/2020 | HY | Avis Budget expected to price $400 million five-year senior secured notes on Tuesday
|
4/24/2020 | BKHY | Moody's downgrades Avis
|
4/6/2020 | BKHY | DBRS cuts Avis Budget
|
2/7/2020 | HYLM | Avis Budget to redeem $100 million 5½% notes due 2023 on April 1
|
6/19/2019 | HYLM | Avis Budget to redeem some 5½% notes with proceeds from new notes
|
6/19/2019 | BKHY | S&P rates Avis Budget notes BB
|
6/19/2019 | BKHY | Moody's rates Avis Budget notes B1
|
6/19/2019 | HY | Avis Budget driving by with $400 million eight-year senior notes; early talk in 6% area
|
7/20/2018 | BKHY | Moody's lifts Avis view to positive
|
12/1/2017 | BKHY | DBRS confirms Avis Budget
|
4/6/2017 | HY | Market Commentary: Upsized Petra Diamonds and Zayo, downsized USI lead $2.67 billion session; oils gain, Hertz steadies after drop
|
3/1/2017 | BKCVHY | S&P: Avis Budget loan BBB-
|
3/15/2016 | HY | Market Commentary: Radian prices, new bonds jump, recent deals steady; Valeant dives on default warning, lower guidance
|
3/15/2016 | HY | Market Commentary: Morning Commentary: Junk market softens after big Monday rally; funds see big inflows
|
3/14/2016 | HY | Market Commentary: Drive-by parade continues with Avis, CNH and Clean Harbors deals; recent issues hold gains
|
3/14/2016 | HY | Market Commentary: Drive-by parade continues with Avis, CNH and Clean Harbors deals; recent issues hold gains
|
3/14/2016 | HY | New Issue: Avis Budget Car prices upsized $350 million eight-year notes at par to yield 6 3/8%
|
3/14/2016 | HY | Avis Budget Car to price $300 million eight-year notes on Monday; guidance is 6½%
|
12/31/2015 | HY | Outlook 2016: Junk will try to rebound, but energy, commodities weakness overhangs market
|
3/4/2015 | HY | Market Commentary: Peabody’s planned new issue prompts concerns; Antero deal falters; Energy XXI ends weaker
|
3/4/2015 | BKCVHY | S&P: Avis Budget notes B+
|
3/4/2015 | HY | New Issue: Avis Budget prices upsized $375 million 5¼% 10-year notes at par
|
11/6/2014 | HY | Market Commentary: Omnicare, Abengoa Yield price; Avis, Truven drive by; new DISH busy, funds jump $2.44 billion
|
11/6/2014 | HY | New Issue: Avis Budget upsizes to $175 million, prices tap of 5½% notes due 2023 at 99.625
|
11/6/2014 | HY | Avis Budget to sell $150 million more 5½% notes due 2023 on Thursday
|
6/12/2014 | BKBWHYLW | NYSSA Conference: Conditions seen as ‘optimal’ for junk issuance, but lower coupons new norm
|
5/15/2014 | HY | Market Commentary: CommScope megadeal leads busy session; Sabine Pass pays return visit; funds gain $472 million
|
5/14/2014 | HY | Market Commentary: Primary takes a breather; new Sabine bonds move up; Molycorp, Sears, new Suburban active
|
5/13/2014 | HY | Avis Budget to sell $350 million eight-year notes in Tuesday drive-by; whisper is 51/4% yield
|
5/13/2014 | HY | New Issue: Avis Budget sells upsized $400 million eight-year notes at par to yield 5 1/8%
|
5/13/2014 | HY | Market Commentary: Sabine megadeal leads $3.28 billion primary session, gains in secondary; Genesis, Suburban busy
|
3/6/2014 | HY | New Issue: Avis Budget prices upsized €200 million tap of 6% senior notes due 2021 at 106.75
|
3/6/2014 | HY | Market Commentary: PHI, R.R. Donnelley, Imperial Metals lead $1.44 billion session; funds see $560 million gain
|
12/24/2013 | HY | Market Commentary: Junk market silent in short pre-holiday session, though Jones firms again, Alion, Forest busy
|
12/11/2013 | HY | Moody's: high-yield bond covenant quality holds near record low
|
8/29/2013 | BKCVHY | Fitch rates Avis loan BBB-
|
5/22/2013 | BKCVHY | S&P rates Avis Budget loan BB
|
4/24/2013 | BKCVHY | Fitch upgrades Avis Budget
|
3/20/2013 | HY | Market Commentary: Upsized Intelsat leads $4 billion day, Rexel, U.S. Steel also price; CenturyLink turns busy
|
3/19/2013 | HY | Avis Budget selling $450 million 10-year senior notes Tuesday
|
3/19/2013 | HY | New Issue: Avis Budget prices upsized $500 million 51/2% 10-year notes at par
|
3/19/2013 | HY | Market Commentary: Watco, Jefferies, Avis lead $2 billion primary session; new Chesapeakes firm, 2019s stay busy
|
2/28/2013 | HY | Market Commentary: Equinix, Charter lead $4 billion primary explosion; Penney pounded; funds up $70 million
|
2/28/2013 | HY | Avis Budget talks €250 million eight-year notes with 6% area yield
|
2/28/2013 | HY | Avis to price €250 million eight-year notes Thursday to yield 6% area
|
2/28/2013 | HY | New Issue: Avis Budget prices €250 million eight-year notes at par to yield 6%
|
2/26/2013 | BKHY | S&P gives Avis Budget notes B
|
2/26/2013 | HY | Market Commentary: Primary quiets, though Associated Asphalt on tap, Cornerstone hits road; GGS dives on numbers
|
2/25/2013 | HY | Market Commentary: TRW drives by, firms up; Avis, Noranda hitting road to sell deals; JPM conference quiets market
|
2/25/2013 | BKCVHY | S&P rates Avis loan BB
|
2/25/2013 | BKHY | Moody's gives Avis Budget loan Ba1, notes B2
|
2/25/2013 | HY | Avis Budget Finance intends to start roadshow Tuesday for €250 million eight-year senior notes
|
11/5/2012 | HY | Market Commentary: New issue calendar ramps up; Clear Channel pushes up; Royal Caribbean deal fades in secondary
|
11/5/2012 | HY | Avis Budget pricing $250 million five-year notes Monday
|
11/5/2012 | HY | New Issue: Avis Budget upsizes to $300 million, prices five-year notes at par to yield 4 7/8%
|
6/25/2012 | HY | Market Commentary: Sonic drives by, moves up; four deals hit road; Chang, Choice stay strong; market easier
|
3/27/2012 | HY | Market Commentary: Hercules, Meritage, Vanguard price deals; new Lyondell little moved; forward calendar builds
|
3/26/2012 | HY | New Issue: Avis sells $125 million tap of 81/4% notes due 2019 at 103.5 with 7.329% yield to worst
|
3/14/2012 | BKHY | S&P rates Avis loan BB
|
11/3/2011 | HYLM | Avis to redeem all €250 million of its senior notes due 2013
|
10/3/2011 | HY | Market Commentary: Junk market tailspin deepens as various issues slide multiple points; Kodak comes back
|
9/27/2011 | HY | Market Commentary: HCA, Newfield, Jeld-Wen deals price; Stillwater is spiked; AES unit's new mega-deal trades up
|
9/26/2011 | HY | Market Commentary: DPL, Platinum Energy deals price; Jeld-Wen on tap; Kodak clobbered on draw amid lower market
|
9/23/2011 | HY | Market Commentary: Mannkind, Platinum deals slate as primary ends $1 billion week; secondary stays under pressure
|
9/22/2011 | HY | Market Commentary: Junk broadly lower as stocks dive on recession fears; new Avis down further; funds gain
|
9/21/2011 | HY | Market Commentary: Avis prices, struggles in trading; new Iron Mountain, Barrett busy; junk falls as Fed fizzles
|
9/20/2011 | HY | Market Commentary: Upsized Iron Mountain, Bill Barrett price; Avis on tap; HealthSouth dives on Medicare worries
|
9/16/2011 | BKHY | S&P gives Avis notes B
|
4/8/2011 | BKHY | S&P rates Avis loan BB
|
11/15/2010 | HY | New Issue: Avis Budget prices $200 million add-on to 81/4% notes due 2019 at 101
|
11/15/2010 | HY | Market Commentary: Ally $1 billion drive-by leads $2.4 billion session, falls in trading; GM gains as IPO looms
|
5/4/2010 | BKCVHY | Moody's: Avis, Dollar, Hertz unchanged
|
3/5/2010 | HY | New Issue: Avis Budget sells upsized $450 million 9 5/8% eight-year notes at 98.634 to yield 9 7/8%
|
3/3/2010 | BKHY | Moody's boosts Avis
|
3/3/2010 | HY | Avis to start roadshow Thursday for $400 million eight-year notes
|
2/17/2010 | BKHY | Moody's: Avis outlook positive
|
5/7/2009 | HY | Market Commentary: Inverness, Owens-Brockway price upsized deals; new Goodyears firm; junk stays strong; funds gain $822 million
|
4/28/2009 | BKHY | S&P gives Avis Budget notes 6
|
2/6/2009 | BKHY | Moody's downgrades Avis
|
12/23/2008 | HY | Market Commentary: Nortel gains as Metro Ethernet draws interest; Chesapeake gains as gas prices soar; WaMu bonds strengthen
|
10/28/2008 | BKHY | Fitch drops Avis
|
8/7/2008 | HY | Market Commentary: Trump jumps despite loss, Sprint off as converts scrubbed; Texas Industries prices; funds add $96 million
|
7/2/2008 | HY | Market Commentary: Fox Acquisition prices; GM off as Merrill talks bankruptcy; Blockbuster up after dropping Circuit City idea
|
1/24/2008 | BKHY | Moody's: Avis outlook negative
|
10/4/2007 | BKHY | Avis Budget plans to renew $1 billion asset-backed securitization facility, achieve 9% margins
|
8/1/2006 | BKHY | S&P rates Avis Budget Car Rental BB+
|
4/20/2006 | HY | Market Commentary: Pied Piper GM leads autos higher; XM, Affinion, Glatfelter talk deals; funds see $147 million outflow
|
4/12/2006 | HY | Market Commentary: Market down 1/4; Adelphia holdco paper takes 10-point dive; Brigham, Williams Scotsman price deals
|
4/11/2006 | HY | Market Commentary: Primary tops $2 billion of issuance; Avis Budget brings three tranches tight to talk; Levi Strauss trades up
|
4/11/2006 | HY | New Issue: Avis prices $1 billion notes in three tranches at low end of talk
|
4/10/2006 | HY | Avis Budget issues price talk on $1 billion three-part notes offer
|
4/10/2006 | HY | Market Commentary: Deal calendar builds amid quiet market; Delphi down after Friday surge
|
4/7/2006 | HY | Avis Budget $1 billion offering now has $250 million floater; fixed-rate tranches set at $375 million each
|
4/7/2006 | HY | Market Commentary: PHI, Basic Energy price upsized deals; Spectrum Brands continues retreat
|
3/31/2006 | HY | Market Commentary: Cendant plans billion-dollar bond deal; Delphi bonds gyrate as it asks court to junk GM, union contracts
|
3/31/2006 | HY | Roadshow to start Monday for Cendant Car Rental (Avis Budget) $1 billion two-part offering
|
3/27/2006 | HY | Moody's rates Cendant Car Rental notes Ba3, loans Ba2
|
3/17/2006 | HY | Fitch rates Avis
|
3/15/2006 | HY | S&P rates Cendant Car Rental notes BB-, loan BBB-
|
3/14/2006 | HY | Cendant to offer $1 billion notes in eight- and 10-year tranches
|