Budget seeking DIP loans amid Cendant talks - sources


By Jeffrey Goldfarb NEW YORK, June 27 (Reuters) - Car-rental company Budget Group Inc. is in negotiations with at least three banks for debtor-in-possession loans as it prepares a possible bankruptcy filing and continues talks to be bought by Cendant Corp. , people close to the deal said on Thursday. Budget, with 6,500 car and truck rental locations worldwide, is seeking as much as $150 million of so-called DIP loans that would help keep the company running if it sought to reorganize in ...

Premium Content (PAID Subscription Required)

"Budget seeking DIP loans amid Cendant talks - sources" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×