March 13, 1991 |
Bond Offering: To fund its financing needs in five countries, Avco Financial Services Inc. in Irvine has registered with the Securities and Exchange Commission to float up to $900 million in bonds over the next 18 months to two years. The amount is the highest ever sought by the financial services company, exceeding an $800-million offering in December, 1985. Avco makes primarily consumer loans to individuals in the United States, Canada, Australia, New Zealand and the United Kingdom
January 25, 1995
Avco Financial Services Inc. said Tuesday it has purchased Household Financial Co. of Australia Ltd. The acquisition is a subsidiary of Household International Inc., a financial services company based in Prospect Heights, Ill. Terms of the sale were not disclosed. Richard Thomas, Avco senior vice president, will head House Finance Co. of Australia. Thomas was formerly managing director of Avco's Australia division before returning to the United States three years ago.
December 30, 1994 |
Headquarters Move: Avco Financial Services Inc. is moving its headquarters from Irvine to Costa Mesa in what real estate specialists say is one of the biggest commercial office deals of the year. The international consumer finance and insurance company is vacating its 209,000-square-foot quarters at Park Place--the old Fluor Corp. complex--and has signed a 10-year lease to occupy 103,000 square feet of space on five floors of the 21-story Plaza Tower building near South Coast Plaza.
September 24, 1992
To fund its lending activities in five countries and to pay off debts coming due, Avco Financial Services Inc. said Wednesday that it is seeking federal approval to sell up to $1 billion of debt securities over the next 18 months to two years. The amount of the so-called shelf registration is the highest ever sought by the Irvine company, exceeding its request for $900 million in bonds that it sought in March, 1991.
CALIFORNIA | LOCAL
March 17, 1992 |
City officials have been unable to budget money to replace a police dog that died last year, but a local company is coming to the rescue. AVCO Financial Services of Irvine will donate $8,000 to buy, train and house a new canine for the force, said Jim Straw, vice president of community affairs. Company executives will present Police Chief Charles Brobeck with a check today.