Fox Rent-A-Car, Inc., a Los Angeles, CA-based car rental agency, secured $25m in debt refinancing.
Backers included NewSpring Capital, Kemper Corp. and Star Mountain Capital.
The company will use the refinancing to retire existing debt and provide working capital for expansion.
Founded in 1989, Fox Rent A Car provides a car rental service active in 20 major corporate owned airport locations across US plus 80+ affiliate locations and a roster of international partner locations.
The compaany is a privately-owned and operated C corporation.