Avis Budget (CAR) temporarily upsizes fleet ABS facilities to $4.69B

AVIS BUDGET GROUP, INC.

Series 2010-6 Notes facility increased from $3.56B to $4.27B; Series 2015-3 from $342M to $421.37M.
Increased amounts will reduce by $225M and $25M on Aug 31, 2023, then fully revert by Oct 31, 2023 or upon new notes offering.
ABRCF amended its asset-backed variable-funding facilities, which finance a portion of the U.S. rental car fleet.
Amendment adds bridge facility mechanics and updates purchaser group schedules for the temporary capacity.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

AVIS BUDGET GROUP, INC. amended Second Amendment to the Third Amended and Restated Series 2015-3 Supplement valued at from $342 million to $421.37 million (effective 2023-04-24).

Action: amendment
Agreement: credit facility
Value: from $342 million to $421.37 million
Effective: 2023-04-24

Exact text from the filing

xhibit 10.1, and the Second Amendment to the Third Amended and Restated Series 2015-3 Supplement, a copy of which is attached

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

AVIS BUDGET GROUP, INC. amended Second Amendment to the Fifth Amended and Restated Series 2010-6 Supplement valued at from $3.56 billion to $4.27 billion (effective 2023-04-24).

Action: amendment
Agreement: credit facility
Value: from $3.56 billion to $4.27 billion
Effective: 2023-04-24

Exact text from the filing

ext of the Second Amendment to the Fifth Amended and Restated Series 2010-6 Supplement, a copy of which is attached hereto as

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281 material agreements filed in the last 30 days. Browse all material agreements →

AVIS BUDGET GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000950142-23-001247

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