Unlimited Budget®, Avis Budget Group’s loyalty program for travel professionals, is celebrating its 15th anniversary this month.

Avis Budget Group, Inc. and Apex Car Rentals have announced that they have entered into a definitive agreement for the acquisition of Apex by Avis Budget. The acquisition is scheduled to close in October 2012, subject to customary closing conditions.

Avis Budget Group, Inc. announced that its Avis Budget Rental Car Funding (AESOP) LLC subsidiary has completed an offering of $690 million of asset-backed bonds with a weighted average interest rate of approximately 2.2%, the lowest rate on a five-year, fixed rate ABS bond offering in the company’s history.

Avis Budget Group, Inc. this month celebrates the fifth anniversary of its award-winning performance excellence process-improvement initiative, which has helped the company generate more than $275 million in annual cost savings and other benefits since the program was launched in 2007.

Avis Europe has appointed Maxymiser as its online customer experience optimisation partner. Maxymiser will work with the car rental giant to optimise the reservations process across its EMEA websites to increase the number of bookings, improve the overall experience and enhance customer retention.

Avis Budget Group, Inc. kicks off an eight-week bus tour across North America to thank customers for their business and celebrate the contributions of employees, licensees and dealers.