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Subsequent Events | 9 Months Ended
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Sep. 30, 2018
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19. | Subsequent Events
In October 2018, the Company completed the acquisition of Turiscar Group, a provider of vehicle rental services in Portugal, for €27 million (approximately $31 million), of which €23 million (approximately $26 million) was paid. The remainder of the purchase price will be paid during the three months ended December 31, 2020. In October 2018, the Company issued €350 million (approximately $404 million) of 4¾% euro-denominated Senior Notes due January 2026, at par, with interest payable semi-annually. The proceeds were used to redeem $400 million principal amount of 5⅛% Senior Notes due June 2022 for $410 million plus accrued interest. In October 2018, the Company’s Avis Budget Rental Car Funding subsidiary issued approximately $550 million in asset-backed notes with an expected final payment date of March 2024 incurring interest at a weighted average rate of approximately 4%. * * * *

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- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. + References No definition available. + Details
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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