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Transportation

Avis completes 550M asset-backed notes offering

Avis Budget Group, of Parsippany, announced Wednesday its Avis Budget Rental Car Funding LLC subsidiary has completed an offering of $550 million of five-year, fixed-rate asset-backed notes with a weighted average interest rate of approximately 3.08 percent. The proceeds of the offering are expected to be used primarily to refinance vehicle debt...

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The drive to survive

The Garden State has no shortage of outsized infrastructure projects these days, from plans to raise, renovate and rebuild bridges around its northern port region to the five-year-long program to widen 35 miles of the New Jersey Turnpike.

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