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Rental car finance company secures deals

Rental Car Finance Corp has announced that it has completed a private placement of Rental Car Asset Back Variable Funding Notes, Series 2010-3; this will ensure the company will receive $450m in financing.

Rental Car Finance Corp has announced that it has completed a private placement of Rental Car Asset Back Variable Funding Notes, Series 2010-3; this will ensure the company will receive $450m in financing.

Dollar Thrifty Automotive Group, the company that owns Rental Car, announced the financing and also said that the revolving period for the notes will end in October 2011.

Car finance, as we know, is of high importance at the moment, and it seems that companies across the Atlantic are getting their act together. Will the trend continue? Let’s hope so.
 

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