Item 8.01 Other Events
On
The Issuers used the net proceeds from the offering, together with cash on hand,
to pay the redemption price in connection with the Issuers' redemption of the
outstanding
The Notes will mature on
The Notes will be guaranteed on a senior unsecured basis by the Company,
The Issuers may redeem all or part of the Notes at any time prior to
Upon the occurrence of specified kinds of changes of control, the Issuers must offer to repurchase the notes at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest to the repurchase date.
The Indenture governing the Notes, among other things, limits the ability of the Issuers and their restricted subsidiaries to (i) pay dividends on or make other distributions in respect of equity interests or make other restricted payments; (ii) create liens on certain assets to secure debt; (iii) make certain investments; (iv) sell certain assets; (v) consolidate, merge, sell, or otherwise dispose of all or substantially all of the Issuers' assets; and (vi) designate the Issuers' subsidiaries as unrestricted subsidiaries. These covenants are subject to a number of important limitations and exceptions. The Indenture governing the Notes provides for customary events of default (subject in certain cases to customary grace and cure periods).
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description of Exhibit 4.1 Indenture, dated as ofMarch 1, 2021 , by and amongAvis Budget Car Rental, LLC andAvis Budget Finance, Inc. , as issuers, the guarantors party thereto andDeutsche Bank Trust Company Americas , as trustee. 104 The cover page from this Current Report on Form 8-K formatted in Inline XBRL (included as Exhibit 101).
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