Europcar Returns to Bond Market After Restructuring, Buyout Deal

Europcar Mobility Group is marketing its first bond deal after being taken over by creditors.

The French car rental firm is talking to investors about a 500 million euros sustainability-linked bond, the first of this type for the company, to refinance its fleet notes facility, according to a statement on Tuesday.

Europcar agreed to a debt restructuring last year that handed the company’s control to its creditors after the business was hit by pandemic-related travel restrictions. The company is now set to be taken over by a group led by Volkswagen AG.

Europcar’s sustainability targets are tied to reducing ...