Articles From: Avis Budget Group Announces Expiration and Final Results of Tender Offer for 9 5/8% Senior Notes Due 2018 and 9.75% Senior Notes Due 2020 to Avis Leads the Way in Car Rental Customer Loyalty for 14 Consecutive Years

PARSIPPANY, N.J., April 17, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) (the "Company") announced today the expiration and final results of the previously announced cash tender offers (the "Offers") by its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (collectively, the "Issuers"), to purchase any and all of the Issuers' outstanding $450 million in aggregate principal amount of 9 5/8% Senior Notes due 2018 (the "2018 Notes") and to purchase in an aggregate purchase price up to the Modified Dutch Auction Cap (as defined below) of their 9.75% Senior Notes due 2020 (the "2020 Notes" and together with the 2018 Notes, the "Notes"). As of 11:59 p.m., New York City time, on April 16, 2013 (the "Expiration Date"), $325,595,000 in aggregate principal amount of 2018 Notes, representing approximately 72% of the aggregate principal amount outstanding of 2018 Notes, and $25,628,000 in aggregate principal amount of 2020

PARSIPPANY, N.J., March 11, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has entered into a three-year, €500 million (approximately $650 million) European rental fleet securitization program, providing the Company's subsidiaries in Germany, Italy and Spain increased capacity to finance its fleet purchases.

PARSIPPANY, N.J., Feb.

PARSIPPANY, N.J., June 5, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) , a leading provider of vehicle rental services, today announced that David B.

PARSIPPANY, N.J., May 29, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) , a leading provider of vehicle rental services, today announced that David B.

PARSIPPANY, N.J., March 4, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) , a leading global provider of vehicle rental services, today announced that David B.

PARSIPPANY, N.J., March 19, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) (the "Company") announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (collectively, the "Issuers"), have commenced cash tender offers (the "Offers") to purchase any and all of the Issuers' outstanding $450 million in aggregate principal amount of 9 5/8% Senior Notes due 2018 (the "2018 Notes") and to purchase in an aggregate purchase price up to the Modified Dutch Auction Cap (as defined below) of their 9.75% Senior Notes due 2020 (the "2020 Notes" and together with the 2018 Notes, the "Notes") on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (as it may be amended or supplemented from time to time, the "Offer to Purchase"). The Offers are scheduled to expire at 11:59 p.m., New York City Time, on April 16, 2013, unless extended (such time and date, as the same may be extended, the

PARSIPPANY, N.J., Feb.

PARSIPPANY, N.J. and CAMBRIDGE, Mass., March 14, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has completed its previously announced acquisition of Zipcar, Inc., the world's leading car sharing network.

PARSIPPANY, N.J., March 8, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has completed approximately $525 million in debt financing intended to fund its pending acquisition of Zipcar (Nasdaq:ZIP) .

PARSIPPANY, N.J., March 6, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today disclosed details of the financial benefits that its award-winning Performance Excellence (PEx) initiative contributed to the Company's financial results in 2012.

PARSIPPANY, N.J., May 16, 2013 (GLOBE NEWSWIRE) -- As part of its ongoing core strategy to "put the customer first," Avis Budget Group, Inc. (Nasdaq:CAR) today announced that Avis Car Rental and Budget Car Rental customers can now receive their rental agreement translated into a more convenient language.

PARSIPPANY, N.J., May 14, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced that its Ultimate Test Drive car sales program is now available in New Jersey.

PARSIPPANY, N.J., June 3, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has refinanced its existing $900 million in term loan borrowings due 2019 with $1 billion in new term loan borrowings due 2019 and lowered the interest rate on the refinanced term loans by 75 basis points.

PARSIPPANY, N.J., May 8, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced that it has signed a new partnership agreement with Spirit Airlines.

PARSIPPANY, N.J., April 8, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) has again been named as one of America's Top Corporations for Women's Business Enterprises by the Women's Business Enterprise National Council (WBENC). This national award recognizes corporations for world-class programs that create level playing fields for women's business enterprises to compete for corporate contracts.

PARSIPPANY, N.J., May 13, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) has earned a place in the 2013 edition of Military Times' Best for Vets: Employers survey.

Revenue increased 4% to $1.7 billion.

For the year, revenue grew to $7.4 billion, a 25% increase from 2011.

PARSIPPANY, N.J., May 22, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced that its Ultimate Test Drive program, the Company's car sales initiative, now accepts trade-in vehicles.

PARSIPPANY, N.J., April 23, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it plans to report its first quarter 2013 results and full-year outlook after market close on Wednesday, May 1, 2013, and to host a conference call to discuss such results on Thursday, May 2, 2013 at 8:30 a.m. Eastern time.

PARSIPPANY, N.J., Jan.

PARSIPPANY, N.J. and CAMBRIDGE, Mass., March 8, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) and Zipcar, Inc. (Nasdaq:ZIP) , the world's leading car sharing network, today announced that the United Kingdom Office of Fair Trading has determined that Avis Budget's planned acquisition of Zipcar does not qualify for investigation under U.K. antitrust law.

PARSIPPANY, N.J. and CAMBRIDGE, Mass., Feb.

Avis Budget Group Inc.'s (CAR) first-quarter loss widened as fleet costs in North America jumped, masking overall revenue growth that was due to volume gains and higher pricing.

PARSIPPANY, N.J., Feb.

PARSIPPANY, N.J., April 1, 2013 (GLOBE NEWSWIRE) -- Avis Car Rental, the first international car rental company to operate in Taiwan, today announced that it has expanded its footprint on the island.

PARSIPPANY, N.J., May 6, 2013 (GLOBE NEWSWIRE) -- Avis Car Rental today announced a money-saving promotion for residents of the United States and Canada traveling abroad.

PARSIPPANY, N.J., Feb.

PARSIPPANY, N.J., May 9, 2013 (GLOBE NEWSWIRE) -- For the 14 th year in a row, Avis Car Rental has been named the leading car rental company in the Brand Keys Customer Loyalty Engagement Index ® .