Avis Budget upsizes ABS facilities; Series 2010-6 to $4.58B, Series 2015-3 to $310M

AVIS BUDGET GROUP, INC.

Series 2010-6 Notes facility increased from $3.24B to $4.58B; Series 2015-3 from $287.4M to $310.0M.
Each two-year facility; mandatory reductions of $721M (Series 2010-6) and $49M (Series 2015-3) on Nov 1, 2024.
Financing secured by vehicles in Avis Budget's domestic fleet and related assets.
Amendments executed March 4, 2024 via Avis Budget Rental Car Funding (AESOP) LLC subsidiary.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AVIS BUDGET GROUP, INC. amended Sixth Amended and Restated Series 2010-6 Supplement valued at increased from approximately $3.24 billion to $4.58 billion (effective 2024-03-04).

Action: amendment
Agreement: credit facility
Value: increased from approximately $3.24 billion to $4.58 billion
Effective: 2024-03-04

Exact text from the filing

On March 4, 2024 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) completed an amendment and restatement of its asset-backed variable-funding financing facilities, which provide a portion of the financing for our car rental fleet in the United States.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AVIS BUDGET GROUP, INC. amended Fourth Amended and Restated Series 2015-3 Supplement valued at increased from approximately $287.4 million to $310.0 million (effective 2024-03-04).

Action: amendment
Agreement: credit facility
Value: increased from approximately $287.4 million to $310.0 million
Effective: 2024-03-04

Exact text from the filing

On March 4, 2024 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) completed an amendment and restatement of its asset-backed variable-funding financing facilities, which provide a portion of the financing for our car rental fleet in the United States.

View on SEC.gov

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AVIS BUDGET GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000950142-24-000655

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