UPDATE 1-Budget car rental files for bankruptcy

Newswire

(Adds background, details and byline) By Jeffrey Goldfarb NEW YORK, July 29 (Reuters) - Car-rental company Budget Group Inc. filed for bankruptcy protection on Monday, as expected, and said it secured $750 million of loans to pay for new cars and $100 million of additional funding to keep the company running as it reorganizes. Budget, facing billions of dollars of debt amid a slump in travel following the Sept. 11 attacks on the United States, filed for Chapter 11 bankruptcy protection ...

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