Avis Budget extends and upsizes asset-backed fleet financing by $640M; extends maturities

AVIS BUDGET GROUP, INC.

Series 2010-6 facility increased from $2.436B to $3.042B; Series 2015-3 from $164M to $198M.
Both facilities are two-year; Class A expiry extended to April 2027, Class B to April 2026.
New TD Bank group (Banner Trust) added as CP Conduit Purchaser under Series 2010-6.
Amendments require $507M (Series 2010-6) and $33M (Series 2015-3) reductions on Nov 1, 2025.
Amended Cooperation Agreement: broker non-votes no longer affect SRS excess share voting at 2025 annual meeting.

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